Practices of Audit Committee in Corporate Governance Context – Evidence from Listed Entities on Bucharest Stock Exchange
Author:
Univ. Lecturer Cristina BOŢA-AVRAM, Ph. D.
JEL:
M40, M42, M21, M14
DOI:
Keywords:
corporate governance, audit committee, audit committee practices, audit committee’s independence, scoring of audit committee practices
Abstract:
This study concludes the series of three studies, which represents the final results of the research activity aiming to determine a scoring for audit practices in corporate governance context, based on adequate methodology, from a trilateral approach (external audit, internal audit and audit committee). If the first two studies were focused on evaluating external audit and internal audit practices, the aim of the present study is developing a more complex analysis of the audit committee practices in terms of corporate governance. The conclusions of this study corroborated with the conclusions of the previous studies should allow obtaining a global vision over the actual development stage of the audit practices used by listed companies at Bucharest Stock Exchange, but also could be considered as a relevant starting point for initiating constructive debates over the measures that should be adopted in order to harmonize these practices to the priorities and requirements imposed by the increasing volatility of national and international economic context. \r\n\r\n