Pengaruh Mekanisme Corporate Governance Terhadap Kualitas Laba Dengan Kualitas Audit Sebagai Variabel Pemoderasi (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia)

This study aimed to find effect of corporate governance mechanism on quality profit and quality audit affecting correlation between corporate governance mechanism and quality profit in manufacturer companies registered in Indonesian Stock Exchange from 2008 to 2012. Corporate governance mechanism in this study is proxied by institutional ownership, managerial ownership, proportion of independent board of directors, and audit committee. Quality audit are proxied by earning management and earnings predictability. This study used quality audit as moderator variable and control variable, namely, company size and leverage. The populations of study were manufacture companies registered in Indonesian Stock Exchange, while samples were taken by method of purposive sampling. Total samples of this study were 266 companies to test earnings management and 270 companies to test earnings predictability. Method of analysis used multiple regression analysis. Based on the results of testing which had been conducted, it is concluded that institutional ownership and managerial ownership variables did not affect quality profit, on both earnings management and earnings predictability. Variable proportion of independent board of directors had negative effect on quality profit which is proxied by earnings management, but it did not have effect on earnings predictability. Variable of audit committee did not affect quality profit which is proxied by earnings predictability. Variable of moderator, including quality audit, did not strengthen correlation between corporate governance on quality profit which is proxied by earnings management, but individually quality audit affected earnings management. Quality audit strengthened correlation of corporate governance which is proxied by audit committee on quality profit which is proxied by earnings predictability