This study examines how the presence of an accountant in the Board
of Directors of a particular corporation is correlated to the
discretionary accruals recognized in its financial statements. The
discretionary accruals of the top twenty publicly listed firms in the
Philippines from years 2009 to 2014 were calculated using the Healy
and Modified Jones Models, and board compositions of the firms were
evaluated and reviewed. Thereafter, a correlation analysis is applied
to determine whether or not there is an association between the two
variables. Results suggest that the amount of income-decreasing
discretionary accruals and total discretionary accruals are negatively
correlated to the percentage of accountants in the board, while there
is no correlation between the percentage of accountants in the board
and income-increasing discretionary accruals recognized in the
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