IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03680709.html
   My bibliography  Save this paper

Les caractéristiques des comités d'audit : Déterminants de la performance financière et de la qualité informationnelle ?

Author

Listed:
  • Ilyass Chaker

    (UT - Université de Tours, VALLOREM - Val de Loire Recherche en Management - UO - Université d'Orléans - UT - Université de Tours)

Abstract

The proliferation of financial scandals over the past decades has spread doubts upon the quality of financial information and financial performance, leading in return to a greater codification of the rules of good governance which now require the establishment of audit committees within firms calling on public savings. The audit committee which is as an advisory body emanates from the board of directors and is in charge of improving the quality of accounting information as well as financial performance. Our work aims to explain through a quantitative study, based on a sample of 89 non-financial companies from the SBF 120 during the period 2015-2018, the impact of the characteristics of audit committees (independence, expertise, involvement, size, gender diversity) on the quality of information. as well as the financial performance of organizations. Our investigation supports that the size of the audit committee negatively impacts the quality of financial information, while the independence of the audit committee members negatively influences the financial performance of organizations.

Suggested Citation

  • Ilyass Chaker, 2022. "Les caractéristiques des comités d'audit : Déterminants de la performance financière et de la qualité informationnelle ?," Post-Print hal-03680709, HAL.
    • Handle: RePEc:hal:journl:hal-03680709
    Note: View the original document on HAL open archive server: https://hal.science/hal-03680709
    as

    Download full text from publisher

    File URL: https://hal.science/hal-03680709/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Charbel Salloum & Georges Azzi & Elias Gebrayel, 2014. "Audit Committee and Financial Distress in the Middle East Context: Evidence of the Lebanese Financial Institutions," Post-Print hal-01370168, HAL.
    2. Peter Baxter & Julie Cotter, 2009. "Audit committees and earnings quality," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 49(2), pages 267-290, June.
    3. Bryce, Mitchell & Ali, Muhammad Jahangir & Mather, Paul R., 2015. "Accounting quality in the pre-/post-IFRS adoption periods and the impact on audit committee effectiveness — Evidence from Australia," Pacific-Basin Finance Journal, Elsevier, vol. 35(PA), pages 163-181.
    4. repec:dau:papers:123456789/3791 is not listed on IDEAS
    5. Aloke Ghosh & Antonio Marra & Doocheol Moon, 2010. "Corporate Boards, Audit Committees, and Earnings Management: Pre‐ and Post‐SOX Evidence," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 37(9‐10), pages 1145-1176, November.
    6. Claude Francoeur & Réal Labelle & Bernard Sinclair-Desgagné, 2008. "Gender Diversity in Corporate Governance and Top Management," Journal of Business Ethics, Springer, vol. 81(1), pages 83-95, August.
    7. R. Janin & C. Piot, 2008. "L'influence des auditeurs externes et des comités d'audit sur le contenu informatif des manipulations comptables," Post-Print halshs-00365223, HAL.
    8. Adams, Renée B. & Ferreira, Daniel, 2009. "Women in the boardroom and their impact on governance and performance," Journal of Financial Economics, Elsevier, vol. 94(2), pages 291-309, November.
    9. Husam Aldamen & Keith Duncan & Simone Kelly & Ray McNamara & Stephan Nagel, 2012. "Audit committee characteristics and firm performance during the global financial crisis," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 52(4), pages 971-1000, December.
    10. Tiphaine Compernolle, 2010. "Les Tribulations Du Comite D'Audit Des Etats-Unis Jusqu'A La France," Post-Print halshs-00465805, HAL.
    11. Jengfang Chen & Rong‐Ruey Duh & Fujiing N. Shiue, 2008. "The Effect of Audit Committees on Earnings–Return Association: Evidence from Foreign Registrants in the United States," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(1), pages 32-40, January.
    12. Bilal, & Chen, Songsheng & Komal, Bushra, 2018. "Audit committee financial expertise and earnings quality: A meta-analysis," Journal of Business Research, Elsevier, vol. 84(C), pages 253-270.
    13. Beng Wee Goh, 2009. "Audit Committees, Boards of Directors, and Remediation of Material Weaknesses in Internal Control," Contemporary Accounting Research, John Wiley & Sons, vol. 26(2), pages 549-579, June.
    14. Husam Aldamen & Janice Hollindale & Jennifer L. Ziegelmayer, 2018. "Female audit committee members and their influence on audit fees," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 58(1), pages 57-89, March.
    15. Hanene Ezzine, 2010. "Propagation des crises et comité d'audit," Post-Print hal-00481085, HAL.
    16. Robert James Parker & Mai Dao & Hua-Wei Huang & Yun-Chia Yan, 2017. "Disclosing material weakness in internal controls: Does the gender of audit committee members matter?," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 24(3-4), pages 407-420, October.
    17. Rémi Janin & Charles Piot, 2008. "L'influence des auditeurs externes et des comités d'audit sur le contenu informatif des manipulations comptables," Post-Print halshs-00525377, HAL.
    18. Ryan Davidson & Jenny Goodwin‐Stewart & Pamela Kent, 2005. "Internal governance structures and earnings management," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 45(2), pages 241-267, July.
    19. Joseph V. Carcello & Dana R. Hermanson & Terry L. Neal & Richard A. Riley, 2002. "Board Characteristics and Audit Fees," Contemporary Accounting Research, John Wiley & Sons, vol. 19(3), pages 365-384, September.
    20. Nigar Sultana & J-L. W. Mitchell Van der Zahn & Steven Cahan, 2015. "Earnings conservatism and audit committee financial expertise," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 55(1), pages 279-310, March.
    21. Jerry Sun & Guoping Liu & George Lan, 2011. "Does Female Directorship on Independent Audit Committees Constrain Earnings Management?," Journal of Business Ethics, Springer, vol. 99(3), pages 369-382, March.
    22. Alzeban, Abdulaziz & Sawan, Nedal, 2015. "The impact of audit committee characteristics on the implementation of internal audit recommendations," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 24(C), pages 61-71.
    23. Dan Dhaliwal & Vic Naiker & Farshid Navissi, 2010. "The Association Between Accruals Quality and the Characteristics of Accounting Experts and Mix of Expertise on Audit Committees," Contemporary Accounting Research, John Wiley & Sons, vol. 27(3), pages 787-827, September.
    24. Patrick Velte, 2018. "Does gender diversity in the audit committee influence key audit matters' readability in the audit report? UK evidence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(5), pages 748-755, September.
    25. Woidtke, Tracie & Yeh, Yin-Hua, 2013. "The role of the audit committee and the informativeness of accounting earnings in East Asia," Pacific-Basin Finance Journal, Elsevier, vol. 23(C), pages 1-24.
    26. Murad Abdulsalam Qamhan & Mohd Hassan Che Haat & Hafiza Aishah Hashim & Zalailah Salleh, 2018. "Earnings management: do attendance and changes of audit committee members matter?," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 33(8/9), pages 760-778, October.
    27. Rani Hoitash & Udi Hoitash, 2009. "The role of audit committees in managing relationships with external auditors after SOX: Evidence from the USA," Managerial Auditing Journal, Emerald Group Publishing, vol. 24(4), pages 368-397, April.
    28. Zalata, Alaa Mansour & Tauringana, Venancio & Tingbani, Ishmael, 2018. "Audit committee financial expertise, gender, and earnings management: Does gender of the financial expert matter?," International Review of Financial Analysis, Elsevier, vol. 55(C), pages 170-183.
    29. Klein, April, 2002. "Audit committee, board of director characteristics, and earnings management," Journal of Accounting and Economics, Elsevier, vol. 33(3), pages 375-400, August.
    30. Pamela Kent & James Routledge & Jenny Stewart, 2010. "Innate and discretionary accruals quality and corporate governance," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 50(1), pages 171-195, March.
    31. Erynne E. Landry & Richard A. Bernardi & Susan M. Bosco, 2016. "Recognition for Sustained Corporate Social Responsibility: Female Directors Make a Difference," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 23(1), pages 27-36, January.
    32. Mohd Mohid Rahmat & Takiah Mohd Iskandar & Norman Mohd Saleh, 2009. "Audit committee characteristics in financially distressed and non-distressed companies," Managerial Auditing Journal, Emerald Group Publishing, vol. 24(7), pages 624-638, July.
    33. Daniel Ştefan Armeanu & Georgeta Vintilă & Ştefan Cristian Gherghina & Dan Cosmin Petrache, 2017. "Approaches on Correlation between Board of Directors and Risk Management in Resilient Economies," Sustainability, MDPI, vol. 9(2), pages 1-15, January.
    34. Olivier Vidal, 2010. "Gestion du résultat et seuils comptables," Post-Print hal-00842004, HAL.
    35. Li, Jing & Mangena, Musa & Pike, Richard, 2012. "The effect of audit committee characteristics on intellectual capital disclosure," The British Accounting Review, Elsevier, vol. 44(2), pages 98-110.
    36. Stuart Turley & Mahbub Zaman, 2004. "The Corporate Governance Effects of Audit Committees," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 8(3), pages 305-332, June.
    37. Karen M. Y. Lai & Bin Srinidhi & Ferdinand A. Gul & Judy S. L. Tsui, 2017. "Board Gender Diversity, Auditor Fees, and Auditor Choice," Contemporary Accounting Research, John Wiley & Sons, vol. 34(3), pages 1681-1714, September.
    38. D. Retour & C. Piot, 2008. "L'influence des auditeurs externes et des comités d'audit sur le contenu informatif des manipulations comptables," Post-Print halshs-00450350, HAL.
    39. Healy, Paul M., 1985. "The effect of bonus schemes on accounting decisions," Journal of Accounting and Economics, Elsevier, vol. 7(1-3), pages 85-107, April.
    40. Akeel M. Lary & Dennis W. Taylor, 2012. "Governance characteristics and role effectiveness of audit committees," Managerial Auditing Journal, Emerald Group Publishing, vol. 27(4), pages 336-354, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hidaya Lawati & Khaled Hussainey & Roza Sagitova, 2021. "Disclosure quality vis-à-vis disclosure quantity: Does audit committee matter in Omani financial institutions?," Review of Quantitative Finance and Accounting, Springer, vol. 57(2), pages 557-594, August.
    2. Abbasi, Kaleemullah & Alam, Ashraful & Bhuiyan, Md. Borhan Uddin, 2020. "Audit committees, female directors and the types of female and male financial experts: Further evidence," Journal of Business Research, Elsevier, vol. 114(C), pages 186-197.
    3. Masoud Azizkhani & Sarowar Hossain & Mai Nguyen, 2023. "Effects of audit committee chair characteristics on auditor choice, audit fee and audit quality," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(3), pages 3675-3707, September.
    4. Ghafran, Chaudhry & O'Sullivan, Noel & Yasmin, Sofia, 2022. "When does audit committee busyness influence earnings management in the UK? Evidence on the role of the financial crisis and company size," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 47(C).
    5. Amina Zgarni & Hassouna Fedhila & Moez El Gaied, 2018. "Audit Committee and Discretionary Loan Loss Provisions in Tunisian Commercial Banks," International Journal of Economics and Financial Issues, Econjournals, vol. 8(2), pages 85-93.
    6. Nicolas Vlaminck & Gerrit Sarens, 2015. "The relationship between audit committee characteristics and financial statement quality: evidence from Belgium," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 19(1), pages 145-166, February.
    7. David Hay & Jenny Stewart & Nives Botica Redmayne, 2017. "The Role of Auditing in Corporate Governance in Australia and New Zealand: A Research Synthesis," Australian Accounting Review, CPA Australia, vol. 27(4), pages 457-479, December.
    8. Achraf Haddad & Anis El Ammari & Abdelfattah Bouri, 2021. "Impact of Audit Committee Quality on the Financial Performance of Conventional and Islamic Banks," JRFM, MDPI, vol. 14(4), pages 1-24, April.
    9. Ines Maraghni & Mehdi Nekhili & Tawhid Chtioui, 2016. "Caractéristiques du comité d'audit et étendue du reporting sur le contrôle interne : cas des entreprises françaises," Post-Print hal-01901185, HAL.
    10. George Drogalas & Michail Nerantzidis & Dimitrios Mitskinis & Ioannis Tampakoudis, 2021. "The relationship between audit fees and audit committee characteristics: evidence from the Athens Stock Exchange," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 18(1), pages 24-41, March.
    11. Bilal, & Chen, Songsheng & Komal, Bushra, 2018. "Audit committee financial expertise and earnings quality: A meta-analysis," Journal of Business Research, Elsevier, vol. 84(C), pages 253-270.
    12. Nooraisah Katmon & Omar Al Farooque, 2017. "Exploring the Impact of Internal Corporate Governance on the Relation Between Disclosure Quality and Earnings Management in the UK Listed Companies," Journal of Business Ethics, Springer, vol. 142(2), pages 345-367, May.
    13. Benjamin T. Albersmann & Daniela Hohenfels, 2017. "Audit Committees and Earnings Management – Evidence from the German Two-Tier Board System," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 18(2), pages 147-178, May.
    14. Ines Maraghni & Mehdi Nekhili, 2017. "Audit committee characteristics and audit fees: Evidence from France [Caractéristiques du comité d’audit et honoraires d’audit : cas des entreprises françaises]," Post-Print hal-01907594, HAL.
    15. C. Piot & L. Kermiche, 2009. "A quoi servent les comités d'audit ? Un regard sur la recherche empirique," Post-Print halshs-00537952, HAL.
    16. Wael Almaqoushi & Ronan Powell, 2021. "Audit committee quality indices, reporting quality and firm value," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(1-2), pages 185-229, January.
    17. Bushra Komal & Bilal & Ernest Ezeani & Asim Shahzad & Muhammad Usman & Juncheng Sun, 2023. "Age diversity of audit committee financial experts, ownership structure and earnings management: Evidence from China," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 2664-2682, July.
    18. Ammar Ali Gull & Ammar Abid & Rashid Latief & Muhammad Usman, 2021. "Women on board and auditors’ assessment of the risk of material misstatement," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(4), pages 679-708, December.
    19. Ahsan Habib & Md. Borhan Uddin Bhuiyan, 2016. "Overlapping Membership on Audit and Compensation Committees and Financial Reporting Quality," Australian Accounting Review, CPA Australia, vol. 26(1), pages 76-90, March.
    20. Medhat Endrawes & Zhuoan Feng & Meiting Lu & Yaowen Shan, 2020. "Audit committee characteristics and financial statement comparability," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(3), pages 2361-2395, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03680709. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.