Enhanced Corporate Governance for Restaurant Companies: The Role of Well Performing Audit Committees

Damitio, James W.; Kintzele, Philip L; Kwiatkowski, Vernon; Kintzele, Marilyn

doi:10.1080/10913211.2010.10653884

Cited by 2 publications

(2 citation statements)

References 1 publication

(1 reference statement)

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“…The main development was the appearance of Sarbanes-Oxley Act in 2002 in USA which put more emphasis on the corporate governance practices and financial reporting (e.g. Agrawal & Chadha, 2005;Damitio et al, 2010;Kwon et al, 2014;Sun et al, 2015;Ahmad & Omar, 2016). However, much emphasis has been given to external audit profession and more attention has been also given to internal audit profession in previous studies due to its critical role in ensuring a good governance practices (e.g.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Internal Audit Function Quality and Audit Committees’ Practices: Survey Evidence from Jordan

Sawalqa¹,

Qtish²

2021

BER

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The current study examines the extent to which audit committees comply with the requirements of corporate governance in Jordan and describes the current status of internal audit function. In addition, the study examines empirically the relationship between the internal audit quality and the compliance of audit committees with the governance requirements. The results from 49 respondents indicate that audit committees comply with the requirement of corporate governance and no significant difference is found in such compliance due to sector. In addition, the internal audit quality attributes are met among Jordanian companies to a considerable extent. Further, the independence and objectivity dimension of internal audit quality has a positive and significant relationship with the compliance of audit committees with governance requirements. Internal audit competence and due professional care have no significant relationship with audit committees compliance. One important implication of the current study is the development of a scale to measure the compliance level of audit committees with the governance requirements that can be used by both academics and decision-makers in firms.

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Section: Theoretical Frameworkmentioning

confidence: 99%

Internal Audit Function Quality and Audit Committees’ Practices: Survey Evidence from Jordan

Sawalqa¹,

Qtish²

2021

BER

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“…A study (Damitio, Kintzele, Kwiatkowski, & Kintzele, 2010) of the restaurant segment of that industry reported that restaurant companies appear to be following the recommendations on the composition and operation of audit committees. In addition, the study reported that audit committees play a valuable role in enhancing corporate governance in the restaurant segment.…”

Section: Prior Research Studiesmentioning

confidence: 97%

Hotel/Gaming Companies and Corporate Governance

Damitio

Kintzele

Kwiatkowski

2014

The Journal of Hospitality Financial Management

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Corporate governance is a common topic for discussion both among public companies and in graduate schools of business. A well-functioning corporate audit committee is an essential part of good corporate governance. This article describes the evolution, duties, and composition of audit committees over the past 35 years. It also provides a comparison of the basic audit committee policies and procedures of the top restaurant companies with those of lodging companies.

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Enhanced Corporate Governance for Restaurant Companies: The Role of Well Performing Audit Committees

Abstract: Corporate governance is a popular topic these days among public companies.

Cited by 2 publications

References 1 publication

Internal Audit Function Quality and Audit Committees’ Practices: Survey Evidence from Jordan

Internal Audit Function Quality and Audit Committees’ Practices: Survey Evidence from Jordan

Hotel/Gaming Companies and Corporate Governance

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