감사위원회 특성이 조세회피에 미치는 영향

The purpose of this paper is to analyze the relationship between the audit committee and tax avoidance. An audit committee has been introduced to enhance management transparency and reliable financial reporting. Empirical evidences have briefly the result of the relationship between the audit committee and earnings management, financial statement fraud, accounting errors just in financial accounting territory. We does not analyze into tax accounting territory. The extant studies have provided empirical evidence that reasonable composition and implement of the audit committee are the important elements for its success. This study investigates the relationship between the characteristics of the audit committee measured its independence, expert, activity and tax avoidance. The results of the study are followed: Not only the relation between expert and tax avoidance but also the relation between activity and tax avoidance are significantly negative. We find that the audit committee’s expert and activity contribute to deter tax avoidance. It is interesting not to prove the relation between independence and tax avoidance. It is difficult to guarantee the audit committee’s independence because outside directors are elected by the largest shareholder or manager. There is a meaningful attempt to turn the financial accounting’s arguments about the characteristics of the audit committee into tax accounting territory. An empirical result of this paper suggests the valuable insight into the composition and regulation of audit committee for Korea regulator.