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dc.contributor.author
Delandreas, Ioannis
en
dc.date.accessioned
2019-04-11T09:58:34Z
dc.date.available
2019-04-12T00:00:18Z
dc.date.issued
2019-04-11
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/29328
dc.rights
Default License
dc.subject
Audit
en
dc.subject
Audit Committee
en
dc.subject
Financial Reporting Quality
en
dc.title
The relationship between Audit Committees and Internal Audit Function and its impact on Financial Reporting Quality. Evidence from S&P 500 index
en
heal.type
masterThesis
en_US
heal.secondaryTitle
Evidence from S&P 500 index
en
heal.creatorID.dhareID
1107170004
heal.generalDescription
This thesis is focused on the relationship between Audit Committees and Internal Audit Function and the impact on Financial Reporting Quality of an organization.
en
heal.classification
Auditing
en
heal.classification
Audit Committee
en
heal.classification
Financial Reporting Quality
en
heal.language
en
en_US
heal.access
free
en_US
heal.license
http://creativecommons.org/licenses/by-nc/4.0
en_US
heal.recordProvider
School of Economics, Business Administration and Legal Studies, MSc in International Accounting, Auditing and Financial Management
en_US
heal.publicationDate
2019-04-10
heal.abstract
Through the past decades, it is observed an expansion between the relationship of internal audit department, internal control and audit committees. This phenomenon is happening because of the huge financial scandals and failures that took place the late 2000’s. This dissertation is written as part of the MSc in International Accounting, Auditing and Financial Management of the International Hellenic University. This paper has a purpose of examining the impact of the audit committee proxies (Independence and size) on the financial reporting quality as long as there is internal audit function within the firm. The financial reporting quality of a company is related with the internal corporate governance mechanisms such as audit committee and internal audit function. In order to test our hypotheses, we apply Ordinary Least Squares (OLS) analysis over 392 non-financial firms listed in S&P500, for the last 5 years (2013-2017). In our analysis we used data from the companies’ financial reports as well as audit related databases. OLS is used to regress the financial reporting quality variables on audit committee and internal audit function. In the last years, it is required from the law for a firm, to have an auditor to insure the financial reports as well as the corporate governance environment. So, after the requirement of this law, the most companies decided to comply with it by improving the existence of the Audit Committee and the internal audit function. This means that the Audit Committee members started to meet more frequently and gain financial expertise. So, we can safely assume that an audit committee that get together for often have better results regarding financial reporting issues. It also gives the opportunity for further discussion and problems solution in the financial statements. The findings of this dissertation suggest that is significant relationship between audit committee and financial reporting quality. Previous studies also showed that some of the corporate government mechanisms affect the financial reporting quality. So, this thesis contributes to the past literature review as we examine a big sample from the S&P500 that to the extent of my knowledge has not been done before.
en
heal.advisorName
Leventis, Stergios
en
heal.committeeMemberName
Leventis, Stergios
en
heal.committeeMemberName
Arxontakis, Fragkiskos
en
heal.committeeMemberName
Croce, Chris
en
heal.academicPublisher
IHU
en
heal.academicPublisherID
ihu
en_US


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