Related party transactions (RPTs) are viewed as genuine transactions that rationally fulfill other economic demands of a company. However, RPTs can also be used to transfer wealth from minority shareholders to controlling shareholders. The existence of such transactions may deteriorate financial...

An audit committee is viewed as an essential self-regulatory internal governance instrument that is expected to provide an overseeing role over the entire process of financial reporting. It is also one of the corporate governance cornerstones that is essential for the effective monitoring of the...