The Audit Committee and Financial Reporting Quality

Business (College of) / Accounting

Project Description

This project will review, assess and summarize the research surrounding audit committee responsibilities, effectiveness and relationship with internal and external auditors. The goal of this project is to prepare an article suitable for publication in a well-respected accounting journal.

The methodology will to be to identify appropriate literature, review and summarize the findings to date, and propose research questions that may be explored with publicly available data. In addition, we hope this project, will provide support to request nonpublic information from the PCAOB (Public Company Accounting Oversight Board), the regulator of public company auditors.Public company auditors provide assurance to the capital markets that financial information is reliable. The capital markets are important are important to the functioning of the US economy.

This is important as the PCAOB has recently adopted standards that rely on effective audit committees. We hope to identify gaps in the literature that can be studied to improve the effectiveness and reliability of financial statement audits.

Tasks and Responsibilites

The student will be responsible for identifying articles in approximately 10 journals for the period 2002 through 2017. She will use keywords in her search. He/she will use the resources of our library to accomplish this. Once the articles are identified, he/she will provide summaries of the studies conclusions, methods, and variables. The student will assist me in writing the manuscript, including identifying the gaps in the literature.

Desired Qualifications

None listed