Research finds independent audit committees and audit committee financial experts are generally effective in monitoring the financial reporting and auditing processes. However, not all audit committees that appear in form to be independent are in fact actually independent, and not all financial...

During the past decade, new regulations have been adopted to improve audit committee effectiveness. Prior research has generally provided evidence in support of these regulations and suggests that a more independent and expert audit committee is more effective. We posit that CEO power reduces or...

Investors and managers are increasingly focused on business decision making and reporting related to environmental, social, and governance (ESG) issues. In this paper, we use interview data from 29 chief audit executives (CAEs) from publicly traded companies in the U.S. to propose a framework...