RT Article
T1 Audit Committees and Financial Reporting Quality in Singapore
JF Journal of business ethics
VO 139
IS 1
SP 197
OP 214
A1 Kusnadi, Yuanto
A1 Leong, Kwong Sin
A1 Suwardy, Themin
A1 Wang, Jiwei
LA English
PB Springer Science + Business Media B. V
YR 2016
UL https://www.ixtheo.de/Record/1785673009
AB We examine three characteristics (independence, expertise, and overlapping membership) of audit committees and their impact on the financial reporting quality for Singapore-listed companies. The main finding is that financial reporting quality will be higher if audit committees have mixed expertise in accounting, finance, and/or supervisory. In addition, we do not find evidence that incremental independence of audit committees enhances financial reporting quality because audit committees already consist of a majority of independent directors. Finally, we fail to find any impact of overlapping membership on audit and remuneration committees on financial reporting quality. Overall, the results have policy implications on improving corporate governance effectiveness in terms of financial reporting quality.
K1 M41
K1 G34
K1 financial reporting quality
K1 Overlapping membership
K1 Expertise
K1 Independence
K1 Audit Committee
K1 Corporate Governance
DO 10.1007/s10551-015-2679-0