“…Moreover, a routine of audit committee meeting can reduce the agency problem and information asymmetry as the audit committee can provide a fair and timely financial information to the management, shareholders and potential investors (Al-Mamun, Yasser, Rahman, Wickramasinghe, & Nathan, 2014;DeZoort, Hermanson, Archambeault, & Reed, 2002;Mallin, 2007). Furthermore, Xie et al (2003) found that the most frequent number of audit committee meeting, the lower the discretionary accruals, and hence it indicates better quality of financial reporting.…”