This study aimed at examining the influence of gender attributes of audit committee members on the quality of financial reports in the Jordanian commercial banks. Particularly, the focus is on whether the quality of financial reports is influenced by the existence of female as a member and as a chairperson of audit committee. The quality of financial reports is measured using 9 indicators of voluntary disclosure extracted from the annual reports. Data is collected from 13 commercial banks listed on the Amman Stock Exchange during the period (2013-2017) and analyzed using the statistical program STATA. Multiple regression is employed to test the hypotheses and elicit the results. The results of the study indicate that the quality of financial reports is positively influenced by the existence of female as a member of audit committee. Moreover, there is a negative relationship between the presences of female as a chairperson of audit committee and the quality of financial reports. This study contributes to the extant literature on the interaction between gender attributes and financial reports quality by providing empirical evidence from commercial banks in Jordan.

The aim of the study is to identify the necessity of forming an international accounting standards committee from the board of director and to investigate its role in reinforcing corporate governance pillars and the integrity of financial reporting. A questionnaire was designed containing 18 items distributed to a sample of 121 external auditors and 121 financial managers of companies listed in Amman Stock Exchange. Response rate of usable survey instruments reached 78%. With the help of SPSS program, one Sample T-Test used to analyze the contents of the survey instrument. The results showed that listed companies face difficulties in applying both the international accounting standards and corporate governance best practices, and also revealed that huge duties placed on the audit committees limits their ability to fulfill their objectives properly and securing the soundness of financial reporting system, therefore this study recommends the formation of an International Accounting Standards Committee from the board of directors to supervise and monitor accounting practices, evaluation judgments, recognition, measurement policies and ensuring adequate disclosure and transparency in accordance with IFRS.