The association between audit committee effectiveness and audit risk
type="main" xml:id="acfi12010-abs-0001"> <title type="main">Abstract</title> <p>Audit committees (ACs) are expected to play a key role in improving financial statement integrity and as a consequence reduce audit risk. Companies reporting conformity with regulations can have an AC that appears effective but is not actually effective in substance. We surveyed audit partners and managers to identify their indicators of actual AC effectiveness (auditor-chosen list). We hypothesize a negative association between AC effectiveness and audit risk, only when an auditor-chosen list, rather than extent of conformity with regulations, is used to measure effectiveness. Results support our expectations.
Year of publication: |
2014
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Authors: | Contessotto, Christine ; Moroney, Robyn ; Monroe, Gary |
Published in: |
Accounting and Finance. - Accounting and Finance Association of Australia and New Zealand - AFAANZ, ISSN 0810-5391. - Vol. 54.2014, 2, p. 393-418
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Publisher: |
Accounting and Finance Association of Australia and New Zealand - AFAANZ |
Saved in:
Online Resource
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