search query: @author O'Sullivan, N. / total: 7
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| Author: | O'Sullivan, N. |
| Title: | The Impact of Board Composition and Ownership on Audit Quality: Evidence from Large UK Companies |
| Journal: | British Accounting Review
2000 : DEC, VOL. 32:4, p. 397-414 |
| Index terms: | AUDITING UNITED KINGDOM COMPANIES DIRECTORS |
| Language: | eng |
| Abstract: | This paper examines the impact of board composition and ownership structure on audit quality in the UK prior to the adoption of the recommendations of the Committee on the Financial Aspects of Corporate Governance. In this study the author uses audit fees as a proxy for audit quality and seek to investigate whether the proportion of non- executives, the extent of managerial ownership or ownership by large blockholders influences the extent of auditing, and consequently, the audit fee. Utilizing data from a sample of 402 quoted companies the author find that the proportion of non-executive directors has a significant positive impact on audit fees. The author also finds that audit fees are negatively related to the proportion of equity owned by executive directors. |
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