Audit Committee Characteristics and Financial Reporting Comparability
- Publisher:
- Wiley
- Publication Type:
- Journal Article
- Citation:
- Accounting and Finance, 2020
- Issue Date:
- 2020
Closed Access
Filename | Description | Size | |||
---|---|---|---|---|---|
A&F_Endrawes et al. 2018.pdf | Published Version | 227.52 kB |
Copyright Clearance Process
- Recently Added
- In Progress
- Closed Access
This item is closed access and not available.
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.
Please use this identifier to cite or link to this item: