감사위원회의 재무, 회계전문성이 가족기업의 이익조정에 미치는 영향에 대한 연구

[Purpose] This study verified whether the audit committee’s expertise in finance and accounting suppresses earnings management behavior of family companies. In addition, it was analyzed whether the relationship between the audit committee’s financial and accounting expertise and the earnings management behavior of family firms was higher than in non－family enterprises. [Methodology] In order to verify whether the audit committee’s financial and accounting expertise suppresses opportunistic earnings management behavior of family companies, this study examined the audit committee’s financial and accounting expertise variables and the absolute value of discretionary accruals in the family firm’s group and non－family firms’ group, respectively. [Findings] As a result of the analysis, it was found that when the audit committee chairperson has finance and accounting expertise, and when the proportion of finance and accounting experts in the audit committee members is high, earnings management of family firms are suppressed. In addition, when block investors exist, the financial and accounting expertise of the audit committee at family firms has a great effect in suppressing earnings management activities. [Policy Implications] The analysis results of this study are empirical results that support the validity of the regulations to enhance the accounting and financial expertise of the audit committee under the current commercial law. It can be interpreted as empirical evidence that it is necessary to strengthen the professionalism requirements of the audit committee or to increase the participation rate of finance and accounting experts in the audit committee.