Time/时间：2021年7月1日（星期四）15:00-16:30
Venue/地点：Room 501, Jiageng Building 2/嘉庚二号楼501教室
Topic/题目： Financial Controller Turnover: An Early Warning Sign of Deteriorating Financial Reporting Quality
Speaker/报告人：于小偶/Dr. Xiaoou Yu
Abstract/摘要：This study examines the relation between financial controller turnover and firm’s financial reporting quality. Exploiting a special institutional setting in China, where financial controllers along with CEOs and CFOs are required to attest to the accuracy and completeness of firms’ annual reports, we find that: 1) aggressive accounting manipulations are positively associated with financial controller turnover, 2) real earnings management is not related to financial controller turnover, and 3) the positive relation between accounting manipulations and financial controller turnover is more pronounced in non-state-owned enterprises and in firms with weaker corporate governance. Further analyses show that financial controller turnover leads to higher incidence of subsequent financial statement restatements and the CSRC enforcement actions. Financial controller turnover also precedes top executive turnover and can be viewed as an early warning sign of deteriorating financial reporting quality. Our study highlights the important role of lower level accounting officers in accounting information quality.
About the Speaker/报告人简介：于小偶，助理教授，研究方向为债务契约、财报信息质量等。