search query: @indexterm financial statements / total: 672
reference: 19 / 672
| Author: | Pomeroy, B. Thornton, D.B. |
| Title: | Meta-analysis and the accounting literature: The case of audit committee independence and financial reporting quality |
| Journal: | European Accounting Review
2008 : VOL. 17:2, p. 305-330 |
| Index terms: | accounting literature auditing audit committees capital costs financial reporting financial statements quality |
| Language: | eng |
| Abstract: | In this paper, a meta-analysis (MA) of the association btw. audit committee (AC) independence and financial (here as: fin.) reporting quality (FRQ) is performed. Using quantitative review techniques, there are the following three conclusions: 1. Using of different FRQ measures in the AC independence literature explains about half of the variation in results across studies, 2. Audit committees are more effective at enhancing audit quality (here as: AQ) than they are at fostering fin. statement quality (as: FSQ). AC independence can reduce apparent FSQ by identifying the need for restatements and remedial, abnormal accruals, and 3. FSQ and AQ are complementary contributors to FRQ. The statistical and methodological difficulties met lead to positing that the scarcity of MA studies in accounting and auditing stems from similar difficulties in applying MA to other topics etc. |
SCIMA