Relations among audit committee establishment, information transparency and earnings quality: evidence from simultaneous equation models

Wang, Mao-Chang; Lee, Meng-Han; Chuang, Jia-Jiann

doi:10.1007/s11135-015-0269-y

Cited by 9 publications

(8 citation statements)

References 21 publications

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“…Existen numerosos estudios de carácter normativo sobre la transparencia y la rendición de cuentas, pero hacen falta planteamientos que ofrezcan unos resultados empíricos a gran escala sobre los instrumentos de la transparencia a nivel de los gobiernos y los políticos públicos. Se ha resaltado la importancia de los comités de auditoría en el sector privado como medio de restaurar la confianza de los inversores en los estados financieros de las empresas (Wang 2016), al igual que las auditorias en el sector público (Franklin 2007), pero la novedad, con las recientes leyes de transparencia del gobierno español y de las comunidades autónomas, es uno de los motivos de que no se haya abordado de forma sistémica la auditoría en la gestión y las acciones de la transparencia en el sector público, más allá de las obligaciones legales de control del propio sector público. La falta de una independencia en el sistema de auditoría perjudica a la rendición de cuentas, y en lo que respecta a la gestión de la transparencia la carencia de un modelo de auditoría independiente que aborde todas las acciones y responsabilidades del sector público incrementa el desarraigo de la comunidad, la desconfianza en el sector público y un ascenso del populismo político totalitario.…”

Section: Auditoría Independiente De La Transparenciaunclassified

La auditoría en la gestión de la transparencia del sector público

Chornet

2017

MEI

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ResumenLa transparencia en el sector público cubre muchos ámbitos, además de la propia administración pública. La normativa española ha regulado recientemente, tanto a nivel estatal como de los gobiernos autonómicos, los criterios para implementar un gobierno transparente que garantice la confianza de los ciudadanos con sus gobernantes. Se analiza si el sistema de la gestión de la transparencia ha asegurado una independencia frente al poder ejecutivo, y si ese sistema permite realizar auditorías confiables, especialmente independientes, que inspeccionen el grado de cumplimiento de la transparencia en el sector público. Palabras claveTransparencia; Auditorías; Sector público; Gobierno confiable; Acceso a la información AbstractTransparency in the public sector covers many areas, in addition to the public administration itself. Spanish legislation has recently regulated, both at the state level and the regional governments, the criteria for implementing a transparent government that guarantees the confidence of citizens with their governments. It is analyzed if the transparency management system has ensured an independence from the executive power, and if that system allows to perform reliable, especially independent, audits, which inspects the degree of compliance with transparency in the public sector.

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Section: Auditoría Independiente De La Transparenciaunclassified

La auditoría en la gestión de la transparencia del sector público

Chornet

2017

MEI

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“…As a result, a quality audit is expected to limit opportunistic earnings management as well as lessen the likelihood of major misstatements or omissions in financial reports (Lin and Hwang, 2010). In Taiwan, Wang et al (2016) found that audit committee work production is favorably correlated with both information transparency and profits quality. In Brazil, Baioco and Almeida (2015) describe a similar pattern in terms of the impact of audit committees on earnings relevance.…”

Section: Audit Quality and Earnings Qualitymentioning

confidence: 99%

Impact of Corporate Governance, Audit Quality and Firm Characteristics on Firm Profitability using Earnings Quality as a Moderating Variable

Megeid

2022

الفکر المحاسبى

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The main aim of this research was to investigate the impact of corporate governance (board characteristics) and audit quality on profitability using earnings quality as a moderator variable. Its observed data consisted of 336 annual data of a sample of 56 companies listed in the Egyptian Stock Exchange during the period 2015-2020. The proxies of corporate governance are board independence, board size and CEO duality. The proxies of audit quality are auditor size (big 4), audit committee size and audit committee independence. The control variables that are considered are financial leverage and firm size. Data analysis method used multiple regression analysis to examine the interrelation between the research variables.Research results showed that board independence, large board size, large audit committee, audit committee independence and Big 4 audit firms have a positive insignificant impact on the firm' profitability, while financial leverage and CEO duality are found to have a negative relationship with firm' profitability. In addition, the results show that board independence, large board size, large audit committee, audit committee independence, Big 4 audit firms, financial leverage and firm size have a positive impact on the earnings quality, while CEO duality is found to have a negative relationship with earnings quality. The findings indicate that the 2 202 / 13/3 Accepted Date evine Sobhy Abdel Megeid N Dr. Corporate Governance mpact of I Scientific Journal for Accounting Thinking 14audit committee improves audit quality. These findings are similar with the earlier findings, which found that corporate governance and audit quality had a beneficial impact on business profitability through their impact on value relevance and firm value. The value relevance of financial reporting demonstrates its dependability. Effective corporate governance ensures the dependability of financial reporting, reducing the asymmetry of accounting information.

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“…Internal control is a tool to reduce business risk and is also included in the supervision of reporting earnings quality (Ji et al, 2017). While the quality of earnings disclosed will affect investors' perceptions in assessing the market returns (Wang et al, 2015;Thornton & He, 2013) so it can predict future earnings (Hamdan et al, 2013).…”

Section: Earnings Quality and Internal Control Disclosurementioning

confidence: 99%

“…The audit committee has a role in ensuring that the procedures and presentation of financial statements have been carried out in accordance with accounting standards and procedures. Profit presented in financial statements can be said to possess a good quality if it has a high level of reliability and trust (Wang et al, 2015). Leng and Li (2011) reveal that reported earnings quality can increase the internal control disclosure systems owned by companies, where companies with good earnings quality tend to reveal higher internal control because the conditions that occur presents the good news for various parties.…”

Section: Earnings Quality and Internal Control Disclosurementioning

confidence: 99%

Exploration Disclosures of Internal Control as the Impact of Earnings Quality and Audit Committee

Pangaribuan

Donni²,

Popoola

et al. 2019

IPJAF

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Information disclosure carried out by management as an appointed agent is increasing in importance and hence, a source of concerns to users. It is widely believed that information received by the stakeholders should be appropriate and sufficient for useful decision making, especially in the era of the Fourth industrial revolution. An appropriate and sufficient disclosure in the Annual report indicates a reflection of the effective implementation of the company's operational, strategic, financial and compliance objectives that have been carried out by the management. This study employed secondary data obtained from the annual report for the banks listed in the Indonesia Stock Exchange (IDX). The data for internal control disclosure was observed through a content analysis approach by calculating the internal control system index obtained in the annual report. This study has shown that companies with high earnings quality report more openly convey the application of internal controls system disclosure. This study demonstrated that company with the high characteristics of the audit committee would significantly increase disclosure of internal controls system than a company without audit committee. Supervision, as one of the internal controls established by the management, enhances the performances of the audit committee in ensuring compliance through full disclosure of the financial statements. Thus, restoring users’ trust and confidence in making informed and useful decisions on information emanating from the management.

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Relations among audit committee establishment, information transparency and earnings quality: evidence from simultaneous equation models

Cited by 9 publications

References 21 publications

La auditoría en la gestión de la transparencia del sector público

La auditoría en la gestión de la transparencia del sector público

Impact of Corporate Governance, Audit Quality and Firm Characteristics on Firm Profitability using Earnings Quality as a Moderating Variable

Exploration Disclosures of Internal Control as the Impact of Earnings Quality and Audit Committee

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