Independence, Expertise and Experience of Audit Committees: Some Aspects of Indian Corporate Sector
Hundal, S. (2013). Independence, Expertise and Experience of Audit Committees: Some Aspects of Indian Corporate Sector. American International Journal of Social Science, 2(5). http://www.aijssnet.com/journal/index/88
Julkaistu sarjassa
American International Journal of Social ScienceTekijät
Päivämäärä
2013Tekijänoikeudet
© the Author, 2013. This is an open access article published by Center for Promoting Ideas (CPI).
2013:1 | 2014:1 | 2016:25 | 2017:267 | 2018:369 | 2019:86 | 2020:82 | 2021:96 | 2022:71 | 2023:131 | 2024:81 | 2025:4
The current study is based on the review of literature to analyses how independence, expertise and
experience of audit committees can influence the quality of financial reporting. After studying a vast and
diverse range of literature pertaining to the audit committees and governance issues, an effort has been
made through this study to demonstrate several aspects of independence of audit committee, for example,
informativeness, CEO’s power, frequency of meetings, substitutability and complementarity with
alternative corporate governance mechanisms, directors’ share ownership, earning management etc.
Similarly a wide range of literature based on utility of financial and accounting knowhow and experience
of audit committee members has been reviewed. An attempt is made to establish association litigation risk
that the firm faces and market reaction, to the firm’s appointment of audit committee members with
accounting and financial expertise and experience. This study also includes the various aspects of audit
committee in India, based on regulations, corporate governance reforms and the limited number of
empirical research findings. Lack of independence, expertise and experience of audit committees have
rendered them less effective in performing their oversight functions. The Companies Bill (2009), a major
governance reform, has not become an ‘Act’ as it is delayed due to political apathy, and at the same time
some interim reforms have eroded the independence of audit committees even further. There is ad-hocism
and vagueness in reference to corporate governance reforms in general and auditing process in
particular.
...
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Center for Promoting IdeasISSN Hae Julkaisufoorumista
2221-0997Asiasanat
Alkuperäislähde
http://www.aijssnet.com/journal/index/88Julkaisu tutkimustietojärjestelmässä
https://converis.jyu.fi/converis/portal/detail/Publication/22844206
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