Article

Examining the relationship between audit committee effectiveness and audit fees: An empirical investigation on companies listed in the UAE financial markets

Jun 04, 2019

DOI:

Published in: Electronic Journal of Applied Statistical Analysis

This study seeks to understand the relationship between audit committee effectiveness and audit fees. Prior literature suggests two perspectives to explain this relationship; the first is demand based whereas a positive rela- tionship is expected, while the second is audit risk which propose a negative relationship between the two variables. In order to test the relationship be- tween the two variables, data were collected from 64 companies listed in Abu Dhabi Securities Exchange and Dubai Financial Market. Univariate and multivariate analyses were conducted to test the hypotheses of the study. Results showed that audit committee effectiveness has a significant positive impact on audit fees. This result supports the demand based perspective to explain the relationship between audit committee effectiveness and audit fees. Also, a significant positive relationship is reported for number of meet- ing of audit committees and audit committee members financial expertise with audit fees

Other Researches

Blockchain technology, business data analytics, and artificial intelligence: use in the accounting profession and ideas for inclusion into the accounting curriculum

ABSTRACT Recently, accounting academics have reported increased attention in the accounting profession toward the employment of various technologies. These studies only highlight the exploitation of these technologies in the profession and areas fo...

Audit committee effectiveness: Reflections from the UAE

Abstract View references (37) This study focuses on an essential mechanism of corporate governance, the audit committee. The main objective of this research is to understand the perceptions and attitudes toward audit committees in the UAE context a...

The use of data mining techniques in accounting and finance as a corporate strategic tool: An empirical investigation on banks operating in emerging economies

Globalisation and recent financial crises have increased the pressures faced by banks operating in emerging economies to maintain their competitive advantages and to insure sustainability. Recent technological advancement paved the way for the use o...