The Relationship Between CFO Qualifications and Internal Control Weakness

Abstract This study explores the relationship between CFO qualifications and a firm’s internal control weakness (ICWs). We use three measures for competence: financial/accounting background, seniority, education. Using sample of Taiwanese listed firms from 2012 to 2015, results this show negative background seniority with weakness, indicating higher quality CFOs experience lower number ICWs. education level, however, is not related weakness. The imply that capable can effectively implement good system. result provides practical policy implications.