設置獨立董事制度在台灣是2006年由證劵交易法起頭規範，適用範圍隨著時間推移逐漸擴張。由獨立董事組成之審計委員會相對於監察人是由股東會選任而言，應較符合投資人對資訊揭露透明度的期待。且國際評等機構皆認為公司治理衡量指標其中之一就是公司資訊透明度，本文焦點著墨於審計委員會的特性是否強化盈餘與現金流量之資訊內涵，亦即企業審計委員會特性，例如審計委員會成員具備會計或財務專長之比例、董事會開會次數、獨立董事總席次、獨立董事兼任其他公司董監事(含獨立董監事)之情形、以及獨立董事總席次佔董事會之比例等5項審計委員會之委員層級特性是否提升股票市價與每股盈餘間關聯性。本研究是以2013至2018年的台灣上市公司為樣本群體，以OLS迴歸方法探討。實證結論指出，有設置審計委員會的公司確實可以加強盈餘之資訊內涵。本研究更發現，審計委員會的某些特性，例如上述5項審計委員會之委員層級特性確實可使盈餘的資訊內涵增強，進而使投資人更信賴財務報導的品質，增強股價表現。本研究在使用不同的審計委員會特性衡量與股價之間的關聯性下，豐富了以往研究審計委員會的文獻。

The purpose of this study is to explore whether the characteristics of audit committees strengthen the information connotation of earnings and cash flows, and to verify hypothesis 1, "Whether setting up audit committees will strengthen or weaken the correlation between earnings and stock prices" and hypothesis 2, "Whether the characteristics of audit committees will strengthen or weaken the correlation between earnings and stock prices".

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