DENETİM KOMİTESİ ETKİNLİĞİ VE İHTİYATLILIK KAVRAMI

Abstract

Amaç- Bu çalışmanın temel amacı, denetim komitesi etkinliği ile finansal raporlama kalitesinin göstergesi olarak belirlenen şirketlerin ihtiyatlılık düzeyleri arasındaki ilişki incelemektir.

Yöntem- Bu amaca ulaşmak için, 2008-2017 yılları arasında BİST’te işlem gören 233 finansal olmayan şirketten elde edilmiş 1903 adet gözlem kullanılarak panel veri regresyon analizi yapılmıştır.

Bulgular- Araştırma bulgusu, denetim komitesi etkinliğinin ihtiyatlılık ile pozitif ilişkili olduğunu göstermektedir.

Sonuç- Yapılan analizler sonucunda, denetim komitesi etkinliği yüksek olan firmaların daha ihtiyatlı muhasebe politikaları izleyeceği ve buna bağlı olarak finansal raporlama kalitesinin de artacağı söylenebilir.

Keywords

• Denetim komitesi etkinliği,ihtiyatlılık,kar/hisse senedi getirisi,panel veri analizi

AUDIT COMMITTEE EFFECTIVENESS AND CONSERVATISM CONCEPT

Abstract

Purpose- The main aim of this study is to examine the relationship between audit committee effectiveness and conservatism levels of companies identified as indicators of financial reporting quality.

Methodology- In order to achieve this aim, panel data regression analysis was performed using 1903 observations obtained from 233 non-financial publicly-traded company between 2008-2017.

Findings- The research findings show that the effectiveness of the audit committee is positively related to conservatism level of companies.

Conclusion- As a result of the analysis, it can be said that the firms with high audit committee effectiveness will follow more conservatism accounting policies and consequently the quality of financial reporting will increase.

Keywords

• Audit committee effectiveness,conservatism,basu model,panel data analysis

References

1. Acar, D. ve Aktürk, A. (2009). Muhasebede İhtiyatlılık Kavramı ve İMKB Sınai Endeksinde İşlem Gören İşletmelerde İhtiyatlılık Üzerine Bir Araştırma. Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 11 (1), p.77-90.
2. Basu, S. (1997). The Conservatism Principle and the Asymmetric Timeliness of Earnings. Journal of Accounting and Economics, 24 (1), p. 3–37.
3. Chen, F. ve Li, Y. (2013). Voluntary Adoption of More Stringent Governance Policy on Audit Committees: Theory and Empirical Evidence. The Accounting Review, 88(6), p. 1939-1969.
4. DeZoort, F.T., Salterio, S.E. (2001), The effects of corporate governance experience and financial reporting and audit knowledge on audit committee members’ judgments. Auditing: A Journal of Practice& Theory, 20(2), p. 31-47.
5. Dinç, E. ve Abdioğlu, H. (2009), İşletmelerde Kurumsal Yönetim Anlayışı ve Muhasebe Bilgi Sistemi İlişkisi: İMKB–100 Şirketleri Üzerine Ampirik Bir Araştırma, Balıkesir Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, Cilt: 12, Sayı:21, s.158.
6. Fakhari H., Pitenoei Y. R. (2017). The Impact of Audit Committee and Its Characteristics on the Firms Information Environment, Iranian Journal of Management Studies (IJMS). 10(3), p. 577-608.
7. Fengyi L., Chung-Min W., Tzu-Yi F. ve Jheng-Ci W. (2014). The Relations Among Accounting Conservatism, İnstitutional Investors and Earnings Manipulation, Economic Modelling, 37: 164-174.
8. Financial Accounting Standards Board (FASB) (2010). Statement of Financial Accounting Concepts No. 8, Conceptual framework for financial reporting. Norwalk, CT: FASB.

9. García L., J., M., García O., B. ve Penalva, F. (2012). Conditional Conservatism and the Limits to Earnings Management. SSRN Electronic Journal
10. Ika, S. ve Ghazali, N. (2012). Audit Committee Effectiveness and Timeliness of Reporting: Indonesian Evidence. Managerial Auditing Journal, Vol. 27 (4), p. 403-424.
11. Kao, H. ve Chu, T. (2016). Audit committee, supervisor system and accounting conservatism. International Research Journal of Applied Finance, 7(9), p. 202-219.
12. Krishnan, G. and Visvanathan, G. (2008). Does the SOX Definition of an Accounting Expert Matter? the Association between Audit Committee Directors' Accounting Expertise and Accounting Conservatism, Contemporary Accounting Research Vol. 25(3), p. 827-857.
13. Lafond, R., & Watts, R. (2008). The Information Role of Conservatism, The Accounting Review, 83(2), p. 447-478.
14. Lim R. (2011). Are corporate governance attributes associated with accounting conservatism?, Accounting and Finance, 51(4), p. 1007–1030.
15. Pae, J., Thornton, D. ve Welker, M. (2004). The Link Between Earnings Conservatism and Balance Sheet Conservatism. Queen’s University Working Paper.
16. SPK, (2011). Kurumsal Yönetim İlkelerinin Belirlenmesine ve Uygulanmasına İlişkin Tebliğ, http://www.spk.gov.tr/duyurugoster.aspx?aid=20111011&subid= 0&ct=c (Erişim Tarihi: 30.03.2019)
17. Sultana, N. (2015). Audit Committee Characteristics and Accounting Conservatism, International Journal of Auditing, 19, p. 88-102.
18. TÜSİAD. (2012). Uygulama Örnekleri ile Birlikte A’dan Z’ye Denetim Komiteleri, Türk Sanayicileri ve İş adamları Derneği, Haziran, Yayın No:527.
19. Watts, R.L. (2003). Conservatism in Accounting Part I: Explanations and Implications. Accounting Horizons, 17 (3), p. 207– 221.
20. Zhong, Y. ve Li, W. (2016). Accounting Conservatism: A Literature Review. Australian Accounting Review, 27, p. 195–213.