... 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...

... August 2017 © 2018 American Accounting Association. All rights reserved. 2018 director elections audit committee financial expertise internal controls restatements We find that shareholders perceive AC members distinctively from other non-AC independent directors. Inconsistent...