Earnings Management and Corporate Governance in Bangladesh (the Role of the Board and the Audit Committee)

9335 words 38 pages
Internship Report On Earnings Management and Corporate Governance in Bangladesh (The Role of the Board and the Audit Committee)

Prepared for: Mr. Shubhankar Shil. Assistant Professor, School of Business University of Liberal Arts Bangladesh (ULAB)

Prepared by: Rashed Hossain ID: 092011001 Concentration: Finance School of Business University of Liberal Arts Bangladesh (ULAB)

April 27, 2013

Mr. Shubhankar Shil. Assistant Professor, School of Business University of Liberal Arts Bangladesh (ULAB)

Subject: Internship report on “Earnings Management and Corporate Governance in Bangladesh (The Role of the Board and the Audit Committee)”

Dear Sir: With due respect and honor that I have the great pleasure and opportunity to submit an
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The statistical approach in measuring and decomposing accruals is based on the method in Teoh, Welch, and Wong (1998a) and Jones (1991). In this research I work with discretionary accruals. Because manager can control or manipulate discretionary accruals easily to show more or less earnings. I find that from the analysis earnings management is less likely to occur or occurs less often in companies whose boards include both more independent outside directors and directors with corporate experience. I also find the proportion of audit committee members with outside member is negatively related to the level of earnings management. Our results find an association between lower levels of earnings management and the meeting frequency of boards and audit committees. An active and financially oriented board and audit committee may influence the level of earnings management. But the level of earnings management may influence the subsequent selection of board and audit committee members. So our results do imply an associative link between the board and earnings management. `

Earnings Management and Corporate Governance: The Role of the Board and the Audit Committee

Earnings Management and Corporate Governance in Bangladesh (The Role of the Board and the Audit Committee)

1. Introduction
Earnings management has recently received considerable attention by regulators and the audit committee. In Bangladesh most of the companies manage their earnings for different purposes. Role

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