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An Empirical Investigation Of Audit Committee Members Perceptions Of Audit Quality
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Book Synopsis An Empirical Investigation of Audit Committee Members' Perceptions of Audit Quality by : Mary Sinclair Schroeder
Download or read book An Empirical Investigation of Audit Committee Members' Perceptions of Audit Quality written by Mary Sinclair Schroeder and published by . This book was released on 1983 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Empirical Investigation of Audit Committee Members' Perceptions of Audit Quality by : Mary Sinclair Schroeder
Download or read book An Empirical Investigation of Audit Committee Members' Perceptions of Audit Quality written by Mary Sinclair Schroeder and published by . This book was released on 1983 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Audit Committee Effectiveness and Internal Audit by : Fatimah Mat Yasin
Download or read book Audit Committee Effectiveness and Internal Audit written by Fatimah Mat Yasin and published by . This book was released on 2012 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increased concerns regarding corporate accountability in various developed nations have been associated with the need for effective audit committee and internal control systems. This is due to large corporate collapses which have demonstrated problems with the quality of financial reporting and auditing. This study examines the nature and extent of the relationship between audit committee characteristics and internal audit function characteristics with audit quality whereby audit fee is used as a proxy for audit quality. The corporate governance characteristics included in this study are audit committee expertise, frequency of audit committee meetings, structure of internal audit function and size of internal audit function. This study applied the agency theory and resource dependence theory. This study also formulated eight hypotheses that guided the analysis and using publicly available information of 200 Malaysian public listed companies for the financial year end 2009 and 2010 each. This study provides recent evidence of a positive relationship between audit quality and two audit committee characteristics: audit committee with postgraduate qualification and frequency of audit committee meeting. Further, a positive relationship is found between audit quality and internal audit function characteristic, which is size of internal audit function. The results indicate firms that consist of more audit committee members with higher tertiary education and meets regularly with well-resourced internal audit units have a significant relationship with the audit quality. Apart from contributing to the literature on corporate governance and audit quality, this study may serve as an input for the regulator to encourage strict enforcement for Malaysian-listed companies to incorporate corporate governance practices especially on audit committee composition and internal audit function.
Book Synopsis An Empirical Investigation of Audit Committee Decision Quality by : Helen G. Gabre
Download or read book An Empirical Investigation of Audit Committee Decision Quality written by Helen G. Gabre and published by . This book was released on 2008 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The audit committee serves a very significant role in corporate governance. However, the effectiveness of the audit committee has been questioned due to the recent corporate scandals. Therefore, in order to enhance the effectiveness of the audit committee, the Sarbanes-Oxley Act of 2002 has entrusted the committee with significant responsibilities. Traditionally, the effectiveness of the audit committee has been measured through the dimensions of independence, financial expertise and diligence. However, anecdotal evidence shows that audit committee members with these mandated characteristics of effectiveness still fail. Therefore, as some researchers have pointed out, a behavioral study is necessary. Thus, this study incorporated two behavioral theories, escalation of commitment and groupthink, to examine the decision quality of audit committee members. Results show that audit committee members with a responsibility for a task are less likely to follow group consensus. Interestingly, the results also demonstrate that audit committee members who are not responsible for hiring the audit firm are more likely to exhibit higher dissatisfaction level with a Big 4 firm than with a regional one. Hence, the study contributes to audit committee research by capturing the interaction between two behavioral patterns.
Book Synopsis Audit Committee Characteristics and the Perceived Quality of Financial Reporting by : Andrew J. Felo
Download or read book Audit Committee Characteristics and the Perceived Quality of Financial Reporting written by Andrew J. Felo and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we empirically examine the relationship between two audit committee characteristics - the composition (expertise and independence) and size of the audit committee - and the quality of financial reporting. We show that after controlling for firm size, board composition, a measure of management's commitment to transparency (the existence of an ethics program) and institutional ownership, the percentage of audit committee members having expertise in accounting or financial management is positively related to financial reporting quality. We also find some evidence of a positive relationship between the size of the audit committee and financial reporting quality. However, audit committee independence is not related to financial reporting quality. We also verify that our results are robust across different measures of financial reporting quality. Our results suggest that mandating greater expertise on audit committees rather than simply requiring one expert on the audit committee may be beneficial to investors. In addition, our results also provide weak support for the recommendation of the Blue Ribbon Committee that firms devote significant directorial resources to the audit committee. Given the prior evidence of a negative relationship between financial reporting quality and cost of capital, firms could improve their reporting quality by appropriately structuring their audit committees, thus reducing their cost of capital.
Book Synopsis Audit Quality in Practice by : Noor Adwa Sulaiman
Download or read book Audit Quality in Practice written by Noor Adwa Sulaiman and published by . This book was released on 2011 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Effect of Audit Quality on the Relationship Between Audit Committee Effectiveness and Financial Reporting Quality by : Johanna Miettinen
Download or read book The Effect of Audit Quality on the Relationship Between Audit Committee Effectiveness and Financial Reporting Quality written by Johanna Miettinen and published by University of Vaasa. This book was released on 2008 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tiivistelmä: Tilintarkastuksen laadun vaikutus tarkastusvaliokunnan tehokkuuden ja taloudellisen tiedon laadun väliseen suhteeseen.
Book Synopsis An Empirical Investigation of Audit Committee Effectiveness and Risk Management by : Abdullah Mohammed Alzharani
Download or read book An Empirical Investigation of Audit Committee Effectiveness and Risk Management written by Abdullah Mohammed Alzharani and published by . This book was released on 2016 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the association between audit committee characteristics and the combination of risk management and audit committee activities by industrial Saudi listed firms. Since none of the sample firms has established a stand-alone risk management committee and the functions of monitoring and controlling risk activities are closer to the audit committee than board of directors, this study expects that audit committees with non-executive independent members, more members on the audit committee, financially expert audit committee members and diligence are more likely to combine the risk management and audit committee activities. The study utilizes a cross-sectional analysis of 102 firm-year observations during the 2007-2011 period. A pooled logistic regression analysis is used to estimate the associations proposed in the hypotheses. The study finds that only audit committee size is positively related to the combination of risk management and audit committee activities. This result suggests that the size of the audit committee do indeed proxy for its effectiveness in enhancing the quality of internal control and, thus, monitoring risk management activities. The result of this study contributes to the existing theory and empirical evidence of how the effectiveness of audit committee is related to monitoring and controlling risk management activities. This study offers policy-makers additional evidence to be used for setting up and/or enacting regulations in Saudi Arabia.
Book Synopsis Audit Committee Structure and Performance by : Dorothy A. McMullen
Download or read book Audit Committee Structure and Performance written by Dorothy A. McMullen and published by . This book was released on 1992 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Audit Committee Structure and Performance by :
Download or read book Audit Committee Structure and Performance written by and published by . This book was released on 2001 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Audit Committee Structure and Performance by :
Download or read book Audit Committee Structure and Performance written by and published by . This book was released on 1995 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Corporate Governance Effects of Audit Committees by : Mahbub Zaman
Download or read book The Corporate Governance Effects of Audit Committees written by Mahbub Zaman and published by . This book was released on 2006 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arguments associated with the promotion of audit committees in many countries are premised on their potential for alleviating weaknesses in corporate governance. This paper provides a synthesis and evaluation of empirical research on the governance effects associated with audit committees. Given recent policy recommendations in several countries aimed at strengthening these committees, it is important to establish what research evidence demonstrates about their existing governance contribution. A framework for analyzing the impact of audit committees is described, identifying potential perceived effects which may have led to their adoption and documented effects on aspects of the audit function, on financial reporting quality and on corporate performance. It is argued that there is only limited and mixed evidence of effects to support claims and perceptions about the value of audit committees for these elements of governance. It is also shown that most of the existing research has focused on factors associated with audit committee existence, characteristics and measures of activity and there is very little evidence on the processes associated with the operation of audit committees and the manner in which they influence organizational behaviour. It is clear that there is no automatic relationship between the adoption of audit committee structures or characteristics and the achievement of particular governance effects, and caution may be needed over expectations that greater codification around factors such as audit committee members' independence and expertise as the means of quot;correctingquot; past weaknesses in the arrangements for audit committees. The most fundamental question concerning what difference audit committees make in practice continues to be an important area for research development. For future research we suggest (i) greater consideration of the organizational and institutional contexts in which audit committees operate; (ii) explicit theorization of the processes associated with audit committee operation; (iii) complementing extant research methods with field studies; and (iv) investigation of unintended (behavioural) as well as expected consequences of audit committees.
Book Synopsis Audit Quality by : Roger Joseph Marie Dassen
Download or read book Audit Quality written by Roger Joseph Marie Dassen and published by . This book was released on 1995 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Audit Committees and Financial Reporting Quality by : Chaudhry Ghafran
Download or read book Audit Committees and Financial Reporting Quality written by Chaudhry Ghafran and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis examines the impact of audit committee characteristics on financial reporting quality in the context of a large sample of UK companies over the period 2007-2010. The notion of financial reporting quality is assessed by looking at the audit quality and earnings quality of the firms. This study utilises the audit fee and non-audit fee ratio as its proxies for audit quality and accruals based earnings management models as its proxies for earnings quality. The findings from the multivariate analysis show that audit committee meetings and financial expertise exert a significant positive impact on audit fees. Investigating expertise further, this study finds no support for the notion that accounting expertise influences audit fees, however a significant positive influence on audit fees is recorded for the non-accounting financial expertise. However, the holding of additional directorships has a significant negative impact on audit fees. This study also finds that audit committee members' financial expertise has a negative and significant impact on non-audit fee ratio suggesting a strong support of members with financial expertise on issues relating to auditor independence. The study also documents that audit committee members serving longer on the boards do not prefer to purchase high amount of non-audit services from the incumbent auditor. This study also records a significant positive impact of the holding of additional directorships on the provision of non-audit fee ratio, thus signifying a profound support for the busyness hypothesis which argues that overstretched directors are not very good monitors of financial reporting quality. Furthermore, this study finds broadly consistent evidence that audit committees meeting three or more times per year and fully independent audit committees exert a significant positive impact on the quality of reported earnings. This study also finds some evidence (depending on the earnings model used) that the level of ownership of audit committee members also exerts a positive impact on the quality of reported earnings, highlighting the fact that audit committee members with an equity stake in their companies are considered more effective in their oversight of the financial reporting process. On the other hand, this study finds evidence that the busyness of audit committee members (busyness defined in terms of the holding of board seats in other companies) has a significant negative impact on the quality of reported earnings. The composite variables (i.e. ACE1, ACE2, ACE3 and ACE4) representing those companies that satisfy all aspects of current best practice in terms of audit committee composition and operation, has a positive impact on the quality of reported earnings. This study covers the period 2007 to 2010 and therefore offers a contemporary analysis of the influence of audit committee characteristics on financial reporting quality. The study is very comprehensive in its scope not only in the selection of audit committee characteristics and methods employed to quantify these characteristics, but also in the use of various proxies developed to capture the true essence of financial reporting quality. The choice of multiple measurement methods both for the dependent and independent variables facilitates a much richer investigation into the relationship between governance and financial reporting quality variables. Therefore this study makes a major contribution to our understanding of the association between the various audit committee characteristics and financial reporting quality in the wake of recently introduced regulatory recommendations. These findings will also have policy implications as regulators around the world continue to define and refine the desired characteristics and behaviour of audit committees. Therefore, the findings of this study will ensure future policy changes regarding audit committees are adequately informed.
Book Synopsis The Relationship Between Governance Practices, Audit Quality and Earnings Management by : Rohaida Basiruddin
Download or read book The Relationship Between Governance Practices, Audit Quality and Earnings Management written by Rohaida Basiruddin and published by . This book was released on 2011 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis examines two empirical studies. Firstly, it examines the relationship between corporate governance characteristics (relating to the size, composition of independent members, financial expertise and meeting frequency of boards of directors and audit committee) and audit quality. Secondly, the study investigates the effectiveness of corporate governance characteristics and higher quality auditors in constraining earnings management. There are three proxies of audit quality employed: audit fees, non-audit fees and industry specialist auditors. Based on data obtained from the FTSE 350 between 2005 and 2008, the first empirical findings suggest that independent non-executive directors on board demand an additional and extensive audit effort from the auditor in order to certify their monitoring function, resulting in an increase in the audit fees and the perceived audit quality. The results also indicate a positive relationship between independent board and non-audit fees, suggesting that independent board support the view that the joint provision of audit and non-audit services does not necessarily compromise auditor independence, but rather that it broadens the auditors? knowledge and improves audit judgement. The findings from the second empirical study suggest that higher quality auditors (which either charge higher audit fees or are industry specialist auditors) are likely to reduce earnings manipulation. However, no evidence suggests that NAS fees affect earnings management. In addition, the current study finds inconsistent results linking the corporate governance characteristics and opportunistic earnings. Overall, both findings are consistent with agency theory, which states that independent board and higher quality auditors are associated with effective monitoring, which in turn helps to improve the quality of financial reporting. The findings are of potential interest to policy makers, professionals and boards of directors, especially on issues relating to audit quality and the mandating of corporate governance practices.
Book Synopsis The Nature of Audit Quality by : Zaki Abushawish
Download or read book The Nature of Audit Quality written by Zaki Abushawish and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Empirical Investigation of the Characteristics of Companies with Audit Committees by : Jean Greene Crawford
Download or read book An Empirical Investigation of the Characteristics of Companies with Audit Committees written by Jean Greene Crawford and published by . This book was released on 1987 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:
