Audit Committees and Financial Reporting Quality in Singapore

Journal of Business Ethics - Tập 139 Số 1 - Trang 197-214 - 2016
Kusnadi, Yuanto1, Leong, Kwong Sin1, Suwardy, Themin1, Wang, Jiwei1
1School of Accountancy, Singapore Management University, Singapore, Republic of Singapore

Tóm tắt

We examine three characteristics (independence, expertise, and overlapping membership) of audit committees and their impact on the financial reporting quality for Singapore-listed companies. The main finding is that financial reporting quality will be higher if audit committees have mixed expertise in accounting, finance, and/or supervisory. In addition, we do not find evidence that incremental independence of audit committees enhances financial reporting quality because audit committees already consist of a majority of independent directors. Finally, we fail to find any impact of overlapping membership on audit and remuneration committees on financial reporting quality. Overall, the results have policy implications on improving corporate governance effectiveness in terms of financial reporting quality.

Tài liệu tham khảo

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Journal of Business Ethics

Tập 139 Số 1

197-214

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