The Determinants of Audit Committee Independence and Activity: Evidence from the UK

Research output: Contribution to journalArticle

Abstract

We investigate the determinants of audit committee independence and activity in UK firms. We employ panel data analysis for non-financial films that provide the required information for the period from 2003 to 2008. Our findings show that audit committees are more independent when firms have large boards and more insider ownership. In addition, we detect that large firms place less demand on audit independence. This study also provides new evidence that firms with more free cash flows require more audit independence. Finally, firms with large audit committees and large boards that meet more frequently are active and demand more audit committee meetings.
LanguageEnglish
Pages191-203
Number of pages13
JournalInternational Journal of Auditing
Volume15
Issue number2
Early online date28 Apr 2011
DOIs
Publication statusPublished - Jul 2011
Externally publishedYes

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Audit committee
Audit
Free cash flow
Panel data analysis
Large firms
Insider ownership

Cite this

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abstract = "We investigate the determinants of audit committee independence and activity in UK firms. We employ panel data analysis for non-financial films that provide the required information for the period from 2003 to 2008. Our findings show that audit committees are more independent when firms have large boards and more insider ownership. In addition, we detect that large firms place less demand on audit independence. This study also provides new evidence that firms with more free cash flows require more audit independence. Finally, firms with large audit committees and large boards that meet more frequently are active and demand more audit committee meetings.",
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The Determinants of Audit Committee Independence and Activity : Evidence from the UK. / Al-Najjar, Basil.

In: International Journal of Auditing, Vol. 15, No. 2, 07.2011, p. 191-203.

Research output: Contribution to journalArticle

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