Audit Committee Effectiveness and Audit Quality: A Synthesis Review of Related Literature
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AUDIT COMMITTEE EFFECTIVENESS AND AUDIT QUALITY: A SYNTHESIS REVIEW OF RELATED LITERATURE
Azman Hashim International Business School,
Universiti Teknologi Malaysia, Johor Bahru, Johor Malaysia
In the wake up to the worldwide and numerous auditing and other financial scandals, a lot of modifications has been performed, recorded, and implemented by various governments and other corporate governance regulators to enhance the quality of company’s financial reporting processes, and restore investors’ confidence by enhancing the effectiveness of the audit committee. This paper review and synthesizes the major attributes of the audit committee effectiveness in the literature, it centered on regulatory procedures, internal audit functions and the external auditors, and how the recent reforms in some corporate governance influence the additional roles of the audit committee towards corporate accountability and financial reporting quality.