Does Quality of Audit Committee Enhance Audit Quality?

An, Yohan

doi:10.26668/businessreview/2023.v8i2.1385

Cited by 7 publications

(6 citation statements)

References 33 publications

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“…This suggests that organizations should prioritize the recruitment of audit committee members with the requisite expertise, independence and qualifications to effectively comprehend and assess the financial implications of management decisions. By doing so, firms can bolster the quality and effectiveness of their audit committees, which, as noted by An (2023), significantly enhances audit quality and accounting transparency. Furthermore, the reinforcement of the role of institutional shareholders in corporate governance, as proposed by Purohit and Desai (2023), calls for regulatory bodies to mandate their participation in the auditor appointment process.…”

Section: Discussionmentioning

confidence: 97%

Audit committee characteristics and firm performance: a cross-country meta-analysis

Altin

2024

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PurposeThe purpose of this study is to investigate the impact of audit committee characteristics on firm performance. In particular, the authors employ the random-effects variant of the Hunter–Schmidt meta-analyze procedure to analyze the effects of key audit committee attributes, namely audit committee independence, audit committee expertise, audit committee size, audit committee meeting along with big four impact on firm performance. The authors hope to gain a better understanding of the function of audit committees in enhancing firm performance and to uncover potential discrepancies in prior findings due to varying economic levels or performance metrics.Design/methodology/approachThis study uses the Hunter–Schmidt method to conduct a meta-analysis of 39 previous studies published between 2012 and 2022 to investigate the relationship between audit committee characteristics and firm performance.FindingsThe results indicate that audit committee independence, expertise, size and affiliation with the big four have a significant and positive effect on firm performance, while audit committee meetings have a non-significant effect. Furthermore, findings suggest that companies should carefully consider the contextual factors that may impact the effectiveness of their corporate governance structures, such as economic level, when designing and implementing governance mechanisms.Originality/valueThis study is significant as it is the first to combine and analyze previous research on this topic and highlights the importance of certain audit committee characteristics in enhancing financial reporting quality and corporate governance.

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Section: Discussionmentioning

confidence: 97%

Audit committee characteristics and firm performance: a cross-country meta-analysis

Altin

2024

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“…To enable effective supervision and hold managers accountable for risk management measures, we must ensure the dependability of accounting and financial information and promote openness. (Anto & Yusran, 2023)…”

Section: Discussionmentioning

confidence: 99%

Controlling Financial Risks' Impact on Accounting Information Quality: Evidence from Iraqi banks

Abd Oun,

Abdulhussein

2024

TSSJ

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Controlling risk management strategies and implementing preventive actions are essential for creating a secure and conducive environment for individuals and organisations. The study aims to showcase the influence of financial risk control on the quality of accounting information in Iraqi banks. This will be achieved by identifying and assessing risks, as well as designing and implementing suitable procedures to manage hazards. The goal is to produce reliable accounting information that stakeholders can trust. The study employed 154 questions that were delivered to accountants, internal auditors, external auditors, and academics specialising in Iraqi institutions. It consisted of two axes. The initial objective was to evaluate the management of financial risk control in Iraqi banks. The first axis comprised 17 specific questions, while the second axis assessed the accuracy of its accounting information and consisted of 21 questions. The study variables were assessed utilising the statistical software SPSS version 26, while the hypotheses were examined by simple linear regression. The study found that implementing robust procedures and policies to manage financial risks in banks improves the reliability and transparency of their accounting information. This includes effectively addressing various risks, such as geopolitical concerns.

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“…and LGBI Airport Guwahati with respect to both Traffic and Non-Traffic sources of Revenue. struggle with the lack of automation in this field and the lack of sales data insights that would enable them to create effective pricing plans and achieve the necessary growth while navigating the industry's difficulties (An, 2023). Airport managers are now looking into non-passenger revenue sources as well, such as land leasing, building theme-based activity arenas for tourists and locals, etc., as passenger numbers have significantly decreased as a result of COVID-19 (Anto, & Yusran, 2023).…”

Section: Methodsmentioning

confidence: 99%

Analytical Review for Competitiveness of LGBI Airport Guwahati in Terms of Aircraft and Passenger Movement for Long-Term Viability

Kumar¹,

Gupta²,

Changkakati³

et al. 2023

J. Professional Business Review

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Purpose: This paper aims to analyze the profitability and future viability of LGBI Airport Guwahati in terms of sources of revenue from traffic & non-traffic modes by identifying the factors that influence the traffic (aeronautical) revenue and non-tariff (non aeronautical) revenue. Theoretical Framework: The study followed economical concepts related to traffic and non-traffic assets that exist on an airport. The theoretical framework reveals the revenue model. It is essential to declare the profitability and competitiveness of an Airport whether operating under single till approach or Dual till approach or hybrid one. Design/Methodology/Approach: The systematic literature review is based on an exploratory research design following a quantitative study, from a list of 12-15 research and review papers relevant to the purpose of the study. The data extraction from the sorted literature is done through linear regression using SPSS software. Research, Practical & Social Implication: Certain initiatives may directly influence Non-Aero income. Except for significant airports like DIAL, MIAL, BIAL, and HIAL, the ratio of traffic to non-traffic income at Indian airports is 25/75.Also the implications drawn from this study would help the airport managers to develop innovative strategies to improve the revenues via both, traffic and non-traffic modes. Findings: The researcher used Factor analysis, Linear regression and Principal component analysis. The analysis identified negative and positive factors that affect tariff and non-tariff revenues separately.Regression analysis revealed significant determinants that have influence on the profitability..Using the results, managing the variables to maximize total income and controlling variables may increase income. Originality/Value: This academic article is a research work highlighting the comprehensive revenue sources in the LGBI airport, Guwahati.

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Does Quality of Audit Committee Enhance Audit Quality?

Cited by 7 publications

References 33 publications

Audit committee characteristics and firm performance: a cross-country meta-analysis

Audit committee characteristics and firm performance: a cross-country meta-analysis

Controlling Financial Risks' Impact on Accounting Information Quality: Evidence from Iraqi banks

Analytical Review for Competitiveness of LGBI Airport Guwahati in Terms of Aircraft and Passenger Movement for Long-Term Viability

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