Our study explores the concept of independence and its interdependence with accounting outcomes. Drawing on agency and non-agency theoretical foundations, we examine whether audit committee independence and the network centrality of a firm's board members and au-ditor are positively associated...

Audit committees are increasingly viewed as a key element of good corporate governance. In some countries their formation is mandatory, and in others it is voluntary. In the Australian setting, only the largest listed companies are required to form an audit committee, although many smaller...