Title

Audit Committees and Financial Reporting Quality in Singapore

Publication Type

Journal Article

Publication Date

5-2015

Abstract

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.

Keywords

Audit committee, Corporate governance, Expertise, Financial reporting quality, Independence, Overlapping membership

Discipline

Accounting | Asian Studies | Corporate Finance

Research Areas

Corporate Reporting and Disclosure

Publication

Journal of Business Ethics

First Page

1

Last Page

18

ISSN

1573-0697

Identifier

10.1007/s10551-015-2679-0

Publisher

Springer Verlag (Germany)

Additional URL

http://dx.doi.org/10.1007/s10551-015-2679-0

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