The Role of Audit Committee in Corporate Governance: Descriptive Study

Al-Baidhani, Ahmed Mohsen

doi:10.2139/ssrn.2487167

Cited by 12 publications

(12 citation statements)

References 43 publications

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“…The effectiveness of the audit committee leads to an increase the company's performance [30]. The establishment of an audit committee is intended to overhaul the financial system and uphold the integrity of financial statements [31]. Managerial ownership is the proportion of shareholders owned by management so that management participates in the making and decision of a company [25].…”

Section: ) Corporate Governancementioning

confidence: 99%

Impact of Corporate Governance on Company’s Performance with Sustainability Reporting as an Intervening Variable in Indonesia

Machdar¹

2019

Proceedings of the 5th Annual International Conference on Accounting Research (AICAR 2018)

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This study aims to examine the effect of corporate governance on the company's performance with sustainability reporting as an intervening variable in Indonesia. The population of this study is a manufacturing company listed on the Indonesian Stock Exchange for the period 2010-2015. The sample selection used purposive sampling method and resulted in 102 manufacturing firms listed on the Indonesia Stock Exchange. The results show that: (1) Corporate governance with audit committee as a proxy affects sustainability reporting of economic and environmental dimensions, and does not affect sustainability reporting of the social dimension. Furthermore, institutional ownership, managerial ownership and independent board of commissioners do not affect sustainability reporting of economic, environmental, and social dimensions. (2) Corporate governance with audit committee as a proxy affects the company's performance, while institutional ownership, managerial ownership and independent board of commissioners do not affect the company's performance (3) Sustainability reporting of economic, environmental and social dimensions do not affect the company's performance. The contribution of this study provides the theoretical addition of knowledge as well as a completion the previous studies. The findings are expected to help regulators formulate government policy decisions that promote corporate governance and sustainability reporting on the company's performance, thereby making the entity more responsive to changes in sustainability activities. Similarly, the results of research provide input for stakeholders as a consideration in decision making.

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Section: ) Corporate Governancementioning

confidence: 99%

Impact of Corporate Governance on Company’s Performance with Sustainability Reporting as an Intervening Variable in Indonesia

Machdar¹

2019

Proceedings of the 5th Annual International Conference on Accounting Research (AICAR 2018)

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“…The audit committee is set up as part of the corporate governance monitoring and control mechanism in the company's finance and accounting activities. The audit committee periodically reviews the organization's financial reports which they make available to the board of directors and shareholders; as well as to regulatory bodies [32]. According to Fratini and Tettamanzi [12], if formed by independent individuals, in particular, the audit committee could enhance the trustworthiness of an internal control system.…”

Section: Corporate Governancementioning

confidence: 99%

Corporate Governance and Corporate Fraud: An Examination of Interaction Effects in Nigeria

Moses

2019

AJARR

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This research paper examined the relationship between corporate governance and the commission of corporate fraud among quoted companies in Nigeria. The research utilized a sample of eighteen (18) companies whose data were collected through content analyses on the basis of the availability of information from annual reports and other media reports. Data for the study were analyzed using a binary logit multiple regression analysis method. The findings of the study showed that there is a negative relationship between the independence of the board of directors and corporate fraud. The findings further show that there is a negative relationship between the commitment of the audit committee to their roles and corporate fraud. Finally, the findings show that there is a positive relationship between ownership structure and the phenomenon of corporate fraud in organizations. From the findings of the study, it is concluded that increasing the number of independent members in the board of directors will increase the ability of the board of directors to checkmate fraud commission. However, the ability of independence of board members to forestall corporate fraud is below the optimal level. It is also concluded that the commitment of the audit committee is an important deterrent of corporate fraud. Finally, increased concentration of ownership with only a few individuals will lead to increased fraud. Thus, it is recommended that the number of independent members in the board of directors be statutorily increased. Finally, it is recommended that the concentration of ownership in a few hands be discouraged.

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“…i właściwa ich interpretacja, nabiera szczególnego znaczenia. Komitet audytu także w tym przypadku może być pomocny w prawidłowej realizacji zadań powierzonych radzie nadzorczej [Al-Baidhani 2014;Sultana i in. 2015].…”

Section: Podsumowanieunclassified

Rola i znaczenie komitetu audytu w jednostkach zainteresowania publicznego

Spoz

2018

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

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Streszczenie: W Polsce obowiązek wyłonienia komitetu audytu w ramach rady nadzorczej jednostki zainteresowania publicznego istnieje od 7 maja 2009 r. Do tego czasu było to jedynie zalecenie zawarte w dokumentach poświęconych zasadom ładu korporacyjnego. W 2017 r. wspomniana ustawa została zastąpiona Ustawą z dnia 11 maja 2017 r. o biegłych rewidentach, firmach audytorskich oraz nadzorze publicznym. Celem artykułu jest prezentacja zadań komitetu audytu działającego w ramach rady nadzorczej jednostki zaufania publicznego oraz identyfikacja i omówienie wyzwań przed nim stojących. Jako narzędzia badawcze wykorzystano krytyczną analizę literatury obejmującą akty normatywne, metodę opisu, syntezy i dedukcji. W pierwszej części artykułu przedstawiono zadania komitetu audytu wynikające z obecnie obowiązującej ustawy. Następnie na podstawie raportu KNF prezentującego wyniki badań nad zgodnością sprawozdań finansowych emitentów papierów wartościowych z zasadami raportowania finansowego, tym MSSF, przeanalizowano ich jakość i najczęściej popełniane błędy.

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The Role of Audit Committee in Corporate Governance: Descriptive Study

Cited by 12 publications

References 43 publications

Impact of Corporate Governance on Company’s Performance with Sustainability Reporting as an Intervening Variable in Indonesia

Impact of Corporate Governance on Company’s Performance with Sustainability Reporting as an Intervening Variable in Indonesia

Corporate Governance and Corporate Fraud: An Examination of Interaction Effects in Nigeria

Rola i znaczenie komitetu audytu w jednostkach zainteresowania publicznego

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