Study on the Structure of the Audit Committee in Romania

Author:Assistant Prof. Melinda Timea FÜLÖP, Ph. D.

JEL:M41, M48, M40

DOI:

Keywords:audit committee, BVB, committee structure

Abstract:
This study examines the structure of the audit committee. The main reason for this investigation is the importance of the audit committee. By reviewing the literature on this subject the author found a series of studies concerning the audit committee. For this analyze the author realized a quantitative study which focuses on the structure of the audit committee. The results show that even though Romania is still an emergent market, Category I listed companies on Bucharest Stock Exchange (BVB) tend to keep the code of corporate governance. Following this study, the author concluded that the role of the audit committee is crucial, although some aspects are more or less unevaluated by the companies from the sample on which the study was conducted.\r\n

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