Auditor and Audit Committee Independence in India
AbstractThis article reviews the regulations and governance reforms carried out in India with respect to auditor and audit committee independence. In doing so it critically compares them with the regulations existing in the US. This is followed by a discussion of the existing research on the effectiveness of audit committees and audit independence in corporate governance. Recent trends in audit committee and auditor characteristics for a sample of large listed companies in the Indian corporate sector are then discussed. The article concludes by suggesting some governance reforms that may be considered to further strengthen auditor independence and the functioning of audit committees in India. [WP-2010-020]
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Date of creation: Nov 2010
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Corporate governance; India; auditor independence; audit committee independence;
Other versions of this item:
- Jayati Sarkar & Subrata Sarkar, 2010. "Auditor and audit committee independence in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2010-020, Indira Gandhi Institute of Development Research, Mumbai, India.
- Jayati Sarkar & Subrata Sarkar, 2010. "Auditor and Audit Committee Independence in India," Governance Working Papers 23024, East Asian Bureau of Economic Research.
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
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- Madan Lal Bhasin, 2012. "Improving Corporate Governance. The role of Audit Committee Disclosures by Indian Corporations," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(1), pages 128-149, January.
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