Badolato, Patrick G.; Donelson, Dain C.; Ege, Matthew - In: Journal of Accounting and Economics 58 (2014) 2, pp. 208-230
Regulatory pressure to increase both audit committee financial expertise and board independence has resulted in lower … status for audit committees relative to management. This status differential is relevant because expertise and relative … goals. We find that audit committees with both financial expertise and high relative status are associated with lower levels …