Audit committees and financial reporting quality: The 8th EU Company Law Directive perspective

Bajra, Ujkan; Čadež, Simon

doi:10.1016/j.ecosys.2017.03.002

Cited by 76 publications

(88 citation statements)

References 67 publications

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“…Literature has indicated that ACCs impacts the quality of financial reporting [20,16,21,7,22,23]. Consistent with Salehi & Shirazi, [21] and Bajra & Čadež, [7] who revealed that ACCs are positively linked with the quality of financial reporting. The efficacy of corporate AC in monitoring the financial reporting practice relies on the independence of AC members [1] accounting and financial expertise [20,24,23], the number of meetings held [15] and size of AC [25].…”

Section: Introductionmentioning

confidence: 59%

“…In order to safeguard the veracity of its practices of financial reporting and the auditing process [19]. Literature has indicated that ACCs impacts the quality of financial reporting [20,16,21,7,22,23]. Consistent with Salehi & Shirazi, [21] and Bajra & Čadež, [7] who revealed that ACCs are positively linked with the quality of financial reporting.…”

Section: Introductionmentioning

confidence: 86%

“…For instance, the BoDs has a critical function in guaranteeing the quality of financial statements of firms' practices [5]. This is because the management is in charge of formulating the financial reports [6,7], creating and sustaining sufficient internal control above the financial reporting [8]. Hence, the AC's key responsibility is monitoring the process of financial reporting to safeguard ethical and decent financial statement by the managers on firm performance.…”

Section: Introductionmentioning

confidence: 99%

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The Influence of Audit Committee Characteristics on Modified Audit Opinion in Jordan

Alkilani¹

2019

JFA

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The Jordanian Corporate Governance Code (JCGC) was first enacted in 2004 and revised in 2017. It offers standards for ethical and decent practices in the corporates. Law in Jordan in 2009 has enforced the formation of an audit committee for all listed companies. Literature has substantiated that the audit committee characteristic (ACCs) impact the quality of financial reporting. This work investigates the role of ACCs in lessening the prospect of corporates in obtaining modified audit opinion in the context of Jordan. Four ACC problems (expertise, independent, meeting, and size) have been studied and the modified audit opinion. The total sample of 117 listed companies on the Amman Stock Exchange (ASE) was studied. The relationship between the modified audit opinions (dependent variable), and ACCs (expertise, independent, meeting, and size; as independent variables) was analyzed using logistic regression. The ACCs is projected to effectively improve the quality of financial reporting, and thus, decrease the prospect of corporate in obtaining modified audit opinion. The findings according to the listed companies from 2012 to 2017 in Jordan showed that audit committee (AC) expertise validates this likelihood. Lastly, there is no effect of AC independent, size, and the number of meetings held on the modified audit opinion. General, the findings have policy implications on enhancing corporate governance (CG) efficacy concerning the quality of financial reporting.

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Section: Introductionmentioning

confidence: 59%

Section: Introductionmentioning

confidence: 86%

Section: Introductionmentioning

confidence: 99%

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The Influence of Audit Committee Characteristics on Modified Audit Opinion in Jordan

Alkilani¹

2019

JFA

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“…Disclosure of environmental system certification and clean production [28] (D 9 ) Disclosure of the establishment and operation of environmental management system [29] (D 10 )…”

Section: Primary Index Secondary Index Tertiary Indexmentioning

confidence: 99%

“…The quality of disclosures can be characterized from aspects of comprehensiveness, reliability, and compliance [7][8][9][10]. High-quality disclosure of environmental accounting information is important, but there are fewer regulations on the disclosure of enterprise environmental accounting Table 1.…”

Section: Introductionmentioning

confidence: 99%

Evaluating the Quality of Enterprise Environmental Accounting Information Disclosure

Tian

et al. 2018

Sustainability

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Abstract:To grasp the overall disclosure of the quality of enterprise environmental accounting information and find the weakness of disclosure for precise improvements, an approach for the evaluation for the quality of enterprise environmental accounting information disclosure was proposed. First, the evaluation index system of enterprise environmental accounting information disclosure quality was constructed from three aspects: relevance, reliability, and compliance. Relevance measured whether the relevant information was disclosed comprehensively; reliability checked whether the disclosed information was in accordance with the reality; and compliance assessed whether the disclosed information complied with the laws and regulations. Considering that the ratings derived from multiple appraisers with respect to the evaluation index were in linguistic forms, the aggregation method based on triangular fuzzy numbers was constructed. The consistency of ratings was used to calculate the weight of appraisers for the deduction of personal bias and a case study verified the feasibility and practicality of the proposed approach. The approach not only was applied to the assessment of the company, but also provided some suggestions based on the evaluation results.

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The impact of the Sarbanes–Oxley Act on the integrity of financial reporting: Was it meritorious?

Bajra

Aliu

Krasniqi

et al. 2023

J Corp Accounting Finance

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This study investigates whether compliance with the Sarbanes–Oxley Act of 2002 (SOX) sections 302 (financial reporting) and 404 (internal controls) enhances both corporate governance and financial reporting integrity (FRI). It is focused on EU publicly traded companies that are cross‐listed in the US markets. Using a novel approach with respect to operationalization of the SOX, the empirical research integrated into this paper advances the understanding of financial reporting integrity for both practitioners and policymakers. The study argues that financial reporting integrity increased after SOX entered into force but, notably, we find that financial statement assertions improve with compliance with SOX302 but not with SOX404. Examination of the latter relationship at the subsection level also reveals that compliance with certain SOX requirements is not satisfactory.

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Audit committees and financial reporting quality: The 8th EU Company Law Directive perspective

Cited by 76 publications

References 67 publications

The Influence of Audit Committee Characteristics on Modified Audit Opinion in Jordan

The Influence of Audit Committee Characteristics on Modified Audit Opinion in Jordan

Evaluating the Quality of Enterprise Environmental Accounting Information Disclosure

The impact of the Sarbanes–Oxley Act on the integrity of financial reporting: Was it meritorious?

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