...Bo Gao; Thomas Omer; Marjorie Shelley SUMMARY Despite SOX enhancing the requirements of audit committee (AC) members, AC members are perceived to be inactively involved or lacking timely information about accounting issues. However, when lead independent directors (LIDs) serve on ACs, they bring...

...Yonghong Jia; Xinghua Gao SUMMARY This study examines how the appointment of an audit committee (AC) member as the lead independent director (AC_LID) is associated with AC oversight quality. On one hand, this designation can elevate AC prominence and authority on the board and improve AC oversight...

...Dana R. Hermanson; Patrick J. Hurley; Kara M. Obermire SUMMARY Audit committees (ACs) are a topic of significant research interest, with numerous studies published each year. We synthesize AC findings from articles published between 2010 and 2020 to develop a conceptual framework encompassing AC...

...Nathan R. Berglund; Michelle Draeger; Mikhail Sterin SUMMARY Audit committee members must be independent of management to protect shareholder interests. While current regulations restrict audit committee members from holding management positions (i.e., affiliations), studies find that management's...

...Sudip Bhattacharjee; Kimberly K. Moreno; Jonathan S. Pyzoha SUMMARY We examine the influence of an audit committee (AC) that encourages auditors (partners and managers) and clients (CFOs and controllers) to consider an accounting dispute from the other party's perspective. Experiment 1 suggests...

...Divesh S. Sharma; Vineeta D. Sharma; Paul N. Tanyi; Xiaoyan Cheng SUMMARY We find a significant negative association between cost of equity and audit committee directors' simultaneous service on multiple audit committees (ACNUM). However, this association is not linear, as we find...

...Nigar Sultana; Steven F. Cahan; Asheq Rahman SUMMARY Motivated by two opposing views, the limited supply view and the discrimination view, we examine the impact of gender diversity guidelines on the strength of the association between the presence of female audit committee members and audit...

...Brant E. Christensen; Thomas C. Omer; Marjorie K. Shelley; Paul A. Wong SUMMARY Researchers and practitioners have expressed the need to understand better the interactions between audit committees and auditors and how these interactions affect audits. Former partners affiliated with the external...

... that auditors, on average, are not adept at identifying and constraining these differences. This study investigates whether certain auditors and audit committees are able to lower fraud risk by constraining inconsistencies between financial and related nonfinancial measures (NFMs). For a sample of companies...

...Ronen Gal-Or; Rani Hoitash; Udi Hoitash SUMMARY Voting in directors' elections is one of few mechanisms by which shareholders can influence corporate governance choices. We study elections of directors who serve on the audit committee (AC), a topic receiving little attention in past work. Our...

...Gladys Lee; Neil L. Fargher SUMMARY We examine the role of the audit committee in their oversight of whistle-blowing. Our study examines whether the quality of the audit committee, captured by its independence, expertise, and diligence, is associated with two whistle-blowing outcomes: the choice...

...Ronen Gal-Or; Rani Hoitash; Udi Hoitash SUMMARY We examine whether shareholder votes can influence the audit committee and whether this influence is uniform across non-staggered and staggered boards. We find that through voting, shareholders can increase the efficacy of the audit committee...

... in their specific context. Thus, this study makes an original contribution to the development of new knowledge on internal auditing and concludes that internal auditors tend to lack independence and audit committee members often exercise disturbingly weak power (on the internal audit function), as compared...

...Jeffrey R. Cohen; Lisa Milici Gaynor; Ganesh Krishnamoorthy; Arnold M. Wright SUMMARY Despite the importance of audit committee independence in ensuring the integrity of the financial reporting process, recent research suggests that even when audit committees meet regulatory independence...

... involving 63 experienced audit managers and partners examines the impact of the strength of the audit committee (strong or weak) and past relationship with the client (contending or compromising) on auditors' judgments in the pre-negotiation planning phase in resolving a difficult, subjective inventory...

... selected results (i.e., clusters of papers with new and interesting results) from recent empirical research papers, after reviewing the findings of over 250 studies. Our corporate governance focus is primarily on corporate board and audit committee issues. We discuss the major insights from this literature...

...Vineeta D. Sharma; Divesh S. Sharma; Umapathy Ananthanarayanan SUMMARY This study provides empirical evidence on how the association between the economic importance of a client to the auditor and earnings management is moderated by the audit committee. We employ city office-level client...