Improving Corporate Governance. The Role of Audit Committee Disclosures by Indian Corporations
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2012, Vol 2, Issue 1
Abstract
Now-a-days, an AC is being looked upon as a distinct culture for CG and has received a wide-publicity across the globe. Government authorities, regulators and international bodies all have indicated that they view an AC as a potentially powerful tool that can enhance the reliability and transparency of financial information. Being mandatory under SEBI’s Clause 49 of the Listing Agreement, an AC can be of great help to the board in implementing, monitoring and continuing ‘good’ CG practices to the benefit of the corporation and all its stakeholders. This study performs a ‘content’ analysis on the AC reports of the top 500 listed companies in India during 2005 to 2008 to determine the information content of these reports and the extent to which these reports conform to the Clause 49 requirements of the SEBI. Also, discussed are the various trends about an AC characteristics viz., size, composition, activity, as well as, the extent of non-audit services provided by auditors in the top 500 listed Indian companies. No doubt, it is essential for the Indian corporations to accept and continue with the CG reforms that are ‘demarcated’ by the challenges of the ‘new’ millennium.
Authors and Affiliations
Madan Lal Bhasin
Keywords
Related Articles
- EP ID EP114173
- DOI -
- Views 128
- Downloads 0
Examination of Auditor Acceptance of Dysfunctional Behavior Using a Heuristic Model
Activity Analysis of Control for Micro Lending on Bank Nagari Pasar Raya Branch Padang
Analysis of Final Consumption, Gross Investment, the Changes in Inventories and Net Exports Influence of GDP Evolution, by Multiple Regression
This paper presents a model that can be used for the analysis and forecast of Gross Domestic Product. The starting point of the research is the final output method used in GDP calculation. Based on this assumption, the c...
The Sustainability Approach of Romanian Agriculture
Transition in Romania has been perceived in an original way by the structures of society, social and political factors, but mainly by the economic one. Romanian society has been deprived of the existence of market econom...
Mechanisms for the Creation of Innovation in Contemporary Business and Economy
Innovation differentiates the company from the competition, attracts new customers and generates revenue. The struggle for customers requires constant innovation, the result of which must be the creation of new...