The effectiveness of the audit committee in Spainimplications of its existence on the auditor’s opinion

  1. Javier de Andrés Suárez 1
  2. Elena Cabal García 1
  3. Carlos Fernández Méndez 1
  4. Camino Rodríguez Gutiérrez 1
  1. 1 Universidad de Oviedo
    info

    Universidad de Oviedo

    Oviedo, España

    ROR https://ror.org/006gksa02

Revue:
SERIEs : Journal of the Spanish Economic Association

ISSN: 1869-4195

Année de publication: 2013

Volumen: 4

Número: 3

Pages: 333-352

Type: Article

DOI: 10.1007/S13209-012-0094-7 DIALNET GOOGLE SCHOLAR lock_openAccès ouvert editor

D'autres publications dans: SERIEs : Journal of the Spanish Economic Association

Résumé

This research work is aimed at determining the effectiveness of the Audit Committee (AC), analyzing its impact on the reliability of accounting information issued by spanish listed companies. With this aim, we study whether certain features such as its voluntary or otherwise compulsory formation, its independence and activity lead to an improvement of financial reporting quality, which is defined as the removal of avoidable qualifications in the audit report. We considered the periods where ACs were voluntary (1998–2002) and compulsory (2003 onwards). The results obtained suggest that: (a) compulsory ACs are more effective than voluntary ones; (b) ACs with a higher proportion of independent members do not lead to greater improvements in the quality of accounting information; and (c) the number of meetings of the AC is directly related to improvements in the quality of accounting information.

La source de données: Dialnet