کارایی هیئت مدیره شرکت و هزینه های حسابرسی شرکت
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کارایی هیئت مدیره شرکت و هزینه های حسابرسی شرکت

عنوان فارسی مقاله: کارایی هیئت مدیره شرکت و هزینه های حسابرسی شرکت: مورد موسسات مالی FTSE
عنوان انگلیسی مقاله: The efficiency of corporate boards and firms’ audit fees: the case of the FTSE financial institutions
مجله/کنفرانس: بررسی حسابداری پیسیفیک – Pacific Accounting Review
رشته های تحصیلی مرتبط: حسابداری، مدیریت
گرایش های تحصیلی مرتبط: حسابرسی، مدیریت اجرایی، مدیریت کسب و کار
کلمات کلیدی فارسی: اثربخشی کمیته حسابرسی، هزینه حسابرسی، ساختار هیئت مدیره، تنوع جنسیتی هیئت مدیره، حسابرسان خارجی
کلمات کلیدی انگلیسی: Audit committee effectiveness, Audit fees, Board structure, Board gender diversity, External auditors
نوع نگارش مقاله: مقاله پژوهشی (Research Article)
نمایه: Scopus - Master Journal List
شناسه دیجیتال (DOI): https://doi.org/10.1108/PAR-12-2016-0116
دانشگاه: Department of Finance and Accounting – Lebanese American University – Lebanon
ناشر: امرالد - Emeraldinsight
نوع ارائه مقاله: ژورنال
نوع مقاله: ISI
سال انتشار مقاله: 2018
شناسه ISSN: 0114-0582
فرمت مقاله انگلیسی: PDF
تعداد صفحات مقاله انگلیسی: 22
وضعیت ترجمه: ترجمه نشده است
قیمت مقاله انگلیسی: رایگان
آیا این مقاله بیس است: بله
کد محصول: E9648
فهرست انگلیسی مطالب

Abstract


1- Introduction


2- Prior literature and hypotheses’ development


3- Research design


4- Results and discussion


5- Conclusion


References

نمونه متن انگلیسی مقاله

Abstract


Purpose – The quality of financial reporting for the financial institutions is vital for the public, as the negative consequences of manipulated financial statements will not only affect shareholders but also the regulators’ reputation and the society at large. The purpose of this paper is to assess the association between different corporate governance mechanisms and their impact on audit and reporting quality. The gender factor is introduced from a diverse boards’ perspective to highlight any impact of female presence on the quality of financial statements. Design/methodology/approach – The authors examine a sample of financial institutions listed on the FTSE-350 index for the years 2011 to 2015. The financial sector has its own and different regulations, and financial reporting framework and auditors are expected to behave into more scrutiny. Bloomberg database is used to obtain governance and financial data, while firms’ annual reports are used to collect audit fees and audit committee information. A panel data regression is used to test hypotheses. The authors also control for unobservable heterogeneity, reverse causality and endogeneity. Findings – The results suggest that boards with larger size and higher independence pay higher audit fees to enhance the monitoring capacity and protect the wider group of stakeholders. The results also show that women on boards are likely to reduce the risk of manipulated financial statements, as women are more inclined toward truthfulness, cautiousness and conservatism. In addition, the reported results show that audit committees with more independent members are more inclined toward obtaining higher quality audit to enhance firm’s reporting quality. Originality/value – Given the recent governments’ intervention to avoid financial institutions’ negative impact on the economy, this study is relevant and provide policymakers insights into the existing relationships between audit fees and financial institutions’ governance structure.


Introduction


The aim behind the issuance of corporate governance codes is to deliver sound corporate governance to improve monitoring over management practices, accountability and transparency for the long-term success of the business. The succession of corporate governance codes from Cadbury report to the latest UK corporate governance code recommends on the importance of board composition for effective functioning. As effective boards care for long-term firm viability, they seek to disseminate high-quality and reliable information to the wide range of stakeholders to limit the uncertainty gap and manage the issue of information asymmetry (Cohen et al., 2002; Zaman et al., 2011; Jizi and Dixon, 2017). Therefore, the role of public accounting is vital to provide assurance over the reliability of the disclosed financial statements and their freedom from material misstatements. Improper audit opinions and aggressive use of management estimates could be minimized through the presence of an active/effective board of directors and a demanding audit committee for better audit quality. Also, the presence of the mentioned governance mechanisms helps in protecting auditors’ independence as well (Zaman et al., 2011).

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