| Earnings management will affect the authenticity of accounting information,therefore,for investors and other internal and external stakeholders,earnings management is becoming more and more important.Earnings management also gradually become the main content of the listed company regulatory inspection.Want to suppress the earnings management of listed companies,in essence or from listed companies themselves,to provide effective supervision of listed companies in personnel,therefore,to perfect corporate governance structure is the most effective way to curb earnings management.Audit committee make the very important part of corporate governance,financial supervision,its main responsibility is,therefore,the audit committee to curb earnings management plays an important role.But not as long as you set up the audit committee can play its governance role,only when the audit committee is constructed,its financial supervision can be fully effective,but to the construction of a reasonable audit committee,must first understand the characteristics of the audit committee will produce what influence on earnings management.Research on the audit committee is less in our country,the reason is that the audit committee origin relatively late in our country,development is relatively slow.What kind of audit committee is more conducive to play its governance role of surplus management we are still unknown.Real estate is a very important part of industrial structure in our country,to be able to play a very important role in the development of national economy in our country.The surplus management aspect of the company,real estate and other industries have a certain similarities,but also has the difference.Similarity in: selectivity of accounting policy to give a certain space for earnings management,real estate listed companies can take advantage of the selectivity of accounting policy by earnings management,such as using the provision for impairment of assets,the measures of the conversion of the investment real estate measurement model;Difference: real estate pre-sale system commonly used in the sale,the installment payment way back house,built in house delivery after the buyer’s acceptance of the completed the formalities,affirm income,it is given in the real estate industry revenue recognition on larger earnings management space;Second,construction of real estate industry project is longer,and there are multiple projects simultaneously,pre-sales house money not affirm income,real estate development cost is included in the current profits and losses,income and cost serious not matching,also gave the real estate listed companiesearnings management space.In view of this,this article will be the real estate listed companies from 2011 to 2015 as the research object,the selection of the audit committee independence(independent directors)and professional(the proportion of financial experts),diligence meeting(number),the average education level,male proportion,as well as the characteristics of the audit committee size variable,selects the modified Jones model measuring the degree of earnings management,using multiple regression model to analyze the influence of the audit committee characteristics on earnings management.The empirical results show that the real estate listed companies the characteristics of the audit committee has a certain influence on earnings management.On the real estate listed companies earnings management degree negative effect is that the audit committee in the number of independent directors and financial experts,when property audit committee with more independent directors and financial experts,earnings management level will be reduced;Real estate management company members average degree of earnings management is also a negative relationship;When the real estate listed company’s audit committee members too much men,the corresponding earnings management level will be higher;But the real estate listed company’s audit committee meeting times and total number of personnel the negative effect of earnings management is not significant.Reasonable construction of the audit committee to curb earnings management has a very important role,therefore,for the real estate listed companies,to strengthen the supervision of the audit committee in the surplus of information disclosure;to improve the audit committee independence in the regulation of surplus;to realize the complexity of audit committee quality and surplus match;to improve the quality of the audit committee meeting in the surplus regulatory;considering the large proportion male surplus management to control the risk of adverse effect;reasonably determine the scale of the audit committee to enhance the efficiency of inhibition of earnings management. |
