...Lauren M. Cunningham; Sarah E. Stein; Kimberly Walker; Karneisha Wolfe ABSTRACT Oversight responsibilities for many audit committees (ACs) are evolving to include some of the hottest topics in the boardroom: enterprise risk management, cybersecurity, and environmental, social, and governance...

...Gilad Livne; Maria Tsipouridou; Anthony Wood ABSTRACT We provide evidence on effort coordination and information sharing between audit committees and external auditors. We use four effort measures: the risk areas reported by both the auditor and committee, auditor-reported materiality...

...Jacob Jaggi ABSTRACT I examine whether audit committees (ACs) improve financial reporting reliability by utilizing an internal audit function (IAF) as a resource and use semistructured interviews with chief audit executives and AC chairs to develop an understanding of the nature of AC-IAF...

...James C. Hansen; Ling Lei Lisic; Timothy A. Seidel; Michael S. Wilkins ABSTRACT Our study is motivated by the theory of credence goods in the auditing setting. We propose that audit committee accounting expertise should reduce information asymmetries between the auditor and the client, thereby...

...Musaib Ashraf; Paul N. Michas; Dan Russomanno ABSTRACT We examine whether information technology expertise on audit committees impacts the reliability and timeliness of financial reporting. We find a reduction in the likelihood of material restatement, a reduction in the likelihood of information...

... on the important role that partner characteristics play in the demand and supply sides of audit quality. audit partner experience audit partner gender audit partner selection audit partner assignment audit fees audit quality audit committee corporate governance This paper examines whether audit...

...Xianjie He; Jeffrey A. Pittman; Oliver M. Rui; Donghui Wu ABSTRACT We examine whether social ties between engagement auditors and audit committee members shape audit outcomes. Although these social ties can facilitate information transfer and help auditors alleviate management pressure to waive...

...Matthew J. Beck; Elaine G. Mauldin ABSTRACT Although regulation makes audit committees responsible for determining and negotiating audit fees, researchers and practitioners express concerns that CFOs continue to control these negotiations. Thus, regulation may give investors a false sense...

...Liesbeth Bruynseels; Eddy Cardinaels ABSTRACT To ensure that audit committees provide sufficient oversight over the auditing process and quality of financial reporting, legislators have imposed stricter requirements on the independence of audit committee members. Although many audit committees...

... 1000 firms in 2003 and 2005—that the presence (and proportion) of directors with legal backgrounds on the audit committee is associated with higher financial reporting quality. These results obtain after controlling for accounting expertise on audit committees. Also, supplementary tests...