2018B03 - The drivers and impact of audit committee involvement on audit quality (Prof. dr. Vanstraelen)

What?

The key objectives of the project are to understand, in the Dutch context: (1) the determinants of audit committee involvement with a particular focus on audit committee leadership, social cohesion of the audit committee and its fit in the overall board; (2) the impact of audit committee involvement on audit input, audit process, and audit output factors; and (3) the impact of audit committee involvement on pre-audit financial reporting quality and the difference in financial reporting quality pre- and post-audit.

Why?

The insights of the proposed project will not only be relevant for the academic community, but also for audit practice, standard setters and regulators to better understand the role of audit committee leadership, social cohesion of the audit committee and its fit in the overall board, and how it affects the core input, process and output factors relevant to audit quality, as well as the incremental contribution of the external auditor in improving financial reporting quality conditional on the extent of audit committee involvement.

Knowledge Dissemination

FAR Literature Review - Audit committees and audit quality: A review of the literature

FAR Practice Note - Audit committee involvement and audit quality

FARview #1 - dr. Mathijs van Peteghem

FARview #8 - Prof. Ganesh Krishnamoorty
Click here to read the written report, which contains an edited transcript of the interview.

Key take-aways online Masterclass on 5 March 2021 by Ann Vanstraelen on "The drivers and impact of audit committee involvement on audit quality".

Video Masterclass Ann Vanstraelen on "The drivers and impact of audit committee involvement on audit quality".