Purpose: The research aims to analyze the main qualitative characteristics of the independent auditor's report and the audit committee's report of companies listed on the B3 (Brazilian Stock Exchange). Methodology: The research is descriptive, and the data presents information from 189 different companies according to the stock exchange classification, 10 sectors, and 19 subsectors.
Results: For the audit committees, a consistent increase in the publication of Audit Committee Reports was observed, reflecting greater transparency and commitment to good corporate governance practices. Additionally, the frequency of meetings varied according to the sector and the economic context, with an increase in years of instability, evidencing greater activity of the committees during critical periods.
Contributions of the Study: To offer a little-explored national empirical approach, as well as to propose an integrated view between audit and governance. It is recommended that future studies advance in measuring the effectiveness of these committees based on objective performance indicators and financial impacts on companies.
The study examined the effect of internal audit committee diversity on the financial reporting
quality of listed industrial goods companies in Nigeria. An ex post facto research design was
adopted, and data were collected from nine purposively selected firms listed on the Nigerian
Exchange Group (NGX) over the period 2019 to 2023. Audit committee diversity was measured
using gender diversity, while financial reporting quality was proxied by discretionary accruals.
Secondary data were extracted from the audited annual reports of the selected firms. Panel least
squares regression was used to analyze the data, supported by diagnostic tests such as the
histogram normality test and residual analysis to ensure the validity of the model assumptions.
The regression results revealed a statistically significant relationship between audit committee
diversity and financial reporting quality. Specifically, audit committee diversity had a positive
coefficient of 15,212,594 with a p-value of 0.0031, indicating a significant effect at the 1% level.
Based on these findings, the study concluded that audit committee diversity significantly influenced
the quality of financial reporting among industrial goods firms in Nigeria. It was recommended
that companies and regulators enhance the structure and effectiveness of audit committees by
promoting balanced diversity, ongoing training, and performance monitoring to improve financial
oversight and reporting integrity.
Ogiriki Tonye· Journal of Accounting and Fi...· 0 citations
This study aims to analyze the effect of Good Corporate Governance (GCG) and Corporate Social Responsibility (CSR) on the financial performance of companies included in the LQ45 Index on the Indonesia Stock Exchange. LQ45 companies were selected because they represent firms with relatively high liquidity and market capitalization, as well as greater demands for transparency and accountability. This study employs a quantitative approach with a causal associative research design. The data consist of secondary data obtained from companies’ annual reports and sustainability reports for the 2023–2024 period. GCG is proxied by the number of directors, the number of board commissioners, the number of audit committee members, and institutional ownership, while CSR is measured based on the level of CSR disclosure. Financial performance is measured using Return on Assets (ROA). Data analysis was conducted using multiple linear regression with the assistance of SPSS, preceded by classical assumption tests and hypothesis testing. The results show that, partially, the number of directors, the number of board commissioners, the number of audit committee members, institutional ownership, and CSR disclosure do not have a significant effect on ROA. Simultaneously, GCG and CSR also have no significant effect on financial performance. These findings indicate that variations in financial performance are largely influenced by factors outside the research model. The results suggest that GCG and CSR implementation have not directly translated into improved short-term financial performance among LQ45 companies.
Novi Resnowati, Ependi, Lily Nabila· Ilmu Ekonomi Manajemen dan A...· 0 citations
ABSTRACT The goal of this study is to analyze the influence of political connections and the characteristics of the audit committee on the audit quality, as measured by the fees paid to auditors. Although the international literature explores political and auditing connections, there is a lack of studies that address the role of the audit committee as a governance mechanism in the Brazilian context, especially considering its non-mandatory nature for all companies. There is a lack of research investigating how the composition and functioning of this committee, in environments of political influence, affect financial supervision and risk mitigation. The discussion is relevant due to the little evidence on the impact of political connections on auditors independence and financial transparency in Brazil. Understanding these effects is key to improving governance practices and reducing the use of political connections as assets to obtain government benefits. The findings indicate that larger, independent and active committees strengthen oversight, reduce fraud and increase transparency. The results support companies and policymakers in the search for more robust governance. This study is descriptive and documentary, with an unbalanced data panel of 153 public listed Brazilian companies on B3 S.A. - Brasil, Bolsa, Balcão from 2016 to 2023. The study indicates that political connections in the audit committee reduce the quality of auditing in Brazil, in contrast to part of the international literature. Conversely, larger, more independent committees with frequent meetings improve the quality of audits and strengthen governance. Female participation and financial expertise of members are related to lower audit fees. The results highlight the importance of an adequate and efficient composition of the auditing committees.
Alice Carolina Ames, Paulo Roberto da Cunha, Márcia Bianchi· Revista Contabilidade &...· 0 citations
This study assessed the extent to which audit committee characteristics influence related party disclosures (RPDs) among financial service firms quoted on the Nigerian Exchange Group (NGX). The analysis focused on key audit committee attributes independence, financial expertise, meeting frequency, and gender diversity while firm size and leverage were included as control variables. A longitudinal research design was adopted, covering the period from 2014 to 2023. Data were obtained from the published annual reports of the sampled firms and analyzed using panel regression techniques. The empirical evidence indicates that audit committee independence, financial expertise, gender diversity, and firm size significantly enhance the level of related party disclosures. In contrast, neither audit committee meeting frequency nor leverage exhibited a statistically significant relationship with disclosure practices. The verdicts suggest that the effectiveness of audit committees depends more on their composition and professional competence than on the frequency of their meetings. The study therefore advocates strengthening the independence, financial competence, and diversity of audit committees, alongside reinforcing regulatory oversight, to improve the quality of related party disclosures and promote greater corporate transparency within Nigeria's financial services sector.
Akpan Ekpeyo Danson, Johnbest Churchill Ologhodo· International journal of res...· 0 citations
The purpose of this study is to assess the moderating role of the primary audit issue in energy sector businesses and to investigate the impact of audit committee size, frequency of audit committee meetings, company size, and leverage on audit report lag. Purposive sampling strategies were used to collect secondary data from the Indonesia Stock Exchange for the years 2023 to 2025 utilizing a causal quantitative methodology. Panel data regression analysis with a fixed effects model was applied as the main testing method. The research results prove that the size and meetings of the audit committee do not affect reporting delays. On the contrary, the size of the company has been proven to accelerate the release of reports, while a high level of debt significantly prolongs the audit completion time. Furthermore, the main audit issue did not prove to moderate the influence of audit committee or firm characteristics on audit duration. In conclusion, the timeliness of financial information release is highly dependent on the scale of assets and the entity's debt risk, where the complexity of auditor findings has become a standard procedure that no longer disrupts the reporting timeline.
Shafa April Pradistyo, D. Suryandari· Dinasti International Journa...· 0 citations
Financial reporting quality is fundamental to transparency, accountability and effective governance in the public sector. In Kenya, state corporations play a crucial role in national development and public resource management yet persistent audit queries, weak internal controls and recurring financial misstatements continue to erode public confidence in their financial disclosures. This study examines the influence of audit committee (AC) characteristics, specifically independence, financial expertise and size, on the quality of financial reporting in Kenyan state corporations. Guided by agency and stewardship theories, and using a target population of 187 State Corporations, the study adopts a descriptive and correlational design. Data from audited financial statements and governance reports of audited financial reports of State Corporation was analyzed using descriptive and inferential analysis. Logistic regression model was used to test the effect of Audit Committee characteristics on the quality of financial reports in State Corporations. The findings reveal a positive significant effect of both committee independence and size on quality of financial reporting. In contrast, financial expertise had a negative significant effect on quality of financial reporting. The study contributes to public sector governance and policy by offering empirical insights and practical recommendations aimed at strengthening audit committee effectiveness, improving financial transparency and restoring public trust in the accountability of Kenya’s state corporations.
Emmah Watiri Kimani, Caroline Muthoni Njeru· European Modern Studies Jour...· 0 citations