... enterprise board of China's stock exchange, we find that CAE turnover is accompanied by a reduction in financial reporting/internal control quality and that the reduction is more pronounced for firms whose successor CAEs have lower financial expertise than their predecessors. Further analysis shows...

.... Finally, when the AC is less effective, all of its members receive lower support, irrespective of their expertise or position within the committee. director elections audit committee financial expertise internal controls restatements We thank Jean C. Bedard, David Hay, Colin Reid, Chad...