Audit committee characteristics and financial statement comparability
| Autor: | Medhat Endrawes, Yaowen Shan, Meiting Lu, Zhuoan Feng |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
050208 finance
Financial performance ComputingMilieux_THECOMPUTINGPROFESSION business.industry Corporate governance 05 social sciences Economics Econometrics and Finance (miscellaneous) Audit committee Comparability Economic agents ComputingMilieux_LEGALASPECTSOFCOMPUTING Accounting 050201 accounting Audit 0502 economics and business Production (economics) Business Finance Financial statement |
| Zdroj: | Accounting & Finance. 60:2361-2395 |
| ISSN: | 1467-629X 0810-5391 |
| DOI: | 10.1111/acfi.12354 |
| Popis: | Financial statement comparability enables weighing the similarities and differences in financial performance between firms. Prior studies mainly focus on the role of accounting standards in the production of comparability, but the role of economic agents has been largely overlooked. We find that a firm's audit committee size and financial expertise affect its financial statement comparability. Financial information tends to be more comparable among industry peers when audit committees are larger and more members have financial and accounting expertise. The effect of audit committee expertise on comparability is stronger for firms with less independent and smaller boards, for firms with non-Big 4 auditors and for firms with CEOs serving as the chairperson of the boards. |
| Databáze: | OpenAIRE |
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