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The Impact of the Audit Committees' Properties on the Quality of the Information in the Banking Financial Reports: A Survey on Saudi Commercial Banks

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  • Mwafag Rabab’ah
  • Omar Al-Sir
  • Ali A. Alzoubi

Abstract

This study aims to identify the impact of the audit committees' properties on the quality of the information of the banking financial reports in the Saudi commercial banks by identifying the effect of identifying tasks and duties, independence, accounting and banking experience and efficiency of the audit committee on achieving the quality of the Saudi banking and financial reports. 110 questionnaires were distributed on the research sample and 105 questionnaires were received and analyzed through ANOVA. Results indicate that the availability of the audit committees' properties affect increasing the quality of the financial reports in the Saudi banking at the level of properties as a whole where the (P) probable value was (0.000 ), which is less than 0.05. It represents the functions and duties of the audit committee, the committee's independence in banks, the availability of the accounting and banking experience for the members of the audit committee and the efficiency of the audit committees at banks. The study recommends more emphasis on the diversity of the experiences of the members of the audit team and thus; the committee can performs its functions in a more efficient and effective way.

Suggested Citation

  • Mwafag Rabab’ah & Omar Al-Sir & Ali A. Alzoubi, 2017. "The Impact of the Audit Committees' Properties on the Quality of the Information in the Banking Financial Reports: A Survey on Saudi Commercial Banks," International Business Research, Canadian Center of Science and Education, vol. 10(11), pages 175-192, November.
    • Handle: RePEc:ibn:ibrjnl:v:10:y:2017:i:11:p:175-192
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    References listed on IDEAS

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    1. Yuanto Kusnadi & Kwong Sin Leong & Themin Suwardy & Jiwei Wang, 2016. "Audit Committees and Financial Reporting Quality in Singapore," Journal of Business Ethics, Springer, vol. 139(1), pages 197-214, November.
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    Cited by:

    1. Andreas G. Koutoupis & Theodore Malisiovas, 2023. "The effects of the internal control system on the risk, profitability, and compliance of the U.S. banking sector: A quantitative approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 1638-1652, April.
    2. repec:mth:ijafr8:v:8:y:2018:i:4:p:438-456 is not listed on IDEAS

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    More about this item

    Keywords

    commercial banks; audit committee; the quality of financial reports; banking accounting experience;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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