Audit Committees in Germany — Theoretical Reasoning and Empirical Evidence

Autor:	Annette G. Köhler
Rok vydání:	2005
Předmět:	Supervisory board business.industry media_common.quotation_subject Corporate governance Audit committee General Engineering Accounting Audit Independence language.human_language German Float (money supply) language Business Empirical evidence media_common
Zdroj:	Schmalenbach Business Review. 57:229-252
ISSN:	2194-072X 1439-2917
Popis:	This paper shows that due to legal restrictions, audit committee formation in Germany is not only a matter of enhancing monitoring effectiveness, but also a means of increasing Supervisory Board efficiency. This result is linked to some empirical findings derived from a questionnaire developed especially for the survey and sent out to 100 German Supervisory Board/audit committee chairpersons in April 2004. The questionnaire covered the motivation, composition, qualification, organisation, and responsibilities of current German audit committees. The results show that free float, perceived independence of members, and the size of audit committees significantly influence audit committee composition, and that tasks that are mainly auditor-related are treated as supplementary.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::894cd9651fc59172055642fc309480f5 https://doi.org/10.1007/bf03396715 Zobrazit plný text záznamu