Questioning the Effectiveness of Independent Audit Committees: Does the Current Regulatory Regime Improve Reporting Quality?

At the root of over a decade of regulation and best practices is the premise that the structure and independence of a company's audit committee has a direct effect on the qual ity of its financial reporting. The empirical evidence to support this proposition, however, is scant. The author condu...

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Bibliographic Details
Published inThe CPA journal (1975) Vol. 88; no. 3; pp. 30 - 36
Main Author Klein, April
Format Journal Article
LanguageEnglish
Published New York New York State Society of Certified Public Accountants 01.03.2018
Subjects
Accounting
Audit committees
Capital markets
Compliance
Consent decrees
Corporate governance
Directors
Earnings per share
Financial disclosure
Financial reporting
Financial statements
Forecasts and trends
Investments
Laws, regulations and rules
Levitt, Arthur, Jr
New stock market listings
Proxy statements
Publicly held corporations
Quality standards
Regulation
Securities markets
Stock exchanges
Stock prices
Stockholders
United States > US
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Summary:At the root of over a decade of regulation and best practices is the premise that the structure and independence of a company's audit committee has a direct effect on the qual ity of its financial reporting. The empirical evidence to support this proposition, however, is scant. The author conducted a major research project that investigated the effects of audit committee size and indepen dence standards on the quality of financial reporting by public companies
ISSN:0732-8435