Open AccessThe Usefulness Of Audit Committee Reports: Assessments And Perceptions
Author(s) -
Frank R. Urbancic
Publication year - 2011
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.149
H-Index - 22
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v7i3.6224
Subject(s) - accounting , commission , audit , audit committee , audit evidence , business , perception , chief audit executive , publication , joint audit , internal audit , psychology , finance , advertising , neuroscience
The Treadway Commission has strongly recommended that publicly regulated corporations be required to publish a report by the chairman of the audit committee. In contrast, the SEC does not believe such a report would provide any additional useful information. This study considers the extent to which publication of an audit committee report impacts certain assessments and perceptions related to the financial reporting processing. Overall, the results tend to confirm the SECs belief that inclusion of an audit committee report in the annual report is not likely to provide significant useful information.