There is a lot of variability in audit committee characteristics and their effectiveness. The overall impression is that audit committees are doing a good job and that they are improving over time. An important remaining question is what really drives audit committee involvement in determining audit quality. Therefore, with his project team members, in this FAR-study, Ganesh Krishnamoorthy is looking at the determinants of audit committee involvement in the external audit quality and importantly at the impact of the involvement on final audit quality. What is the state of affairs?
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