A role of audit committee and its impact on firm performance in India
International Journal of Development Research
A role of audit committee and its impact on firm performance in India
Received 19th July, 2017; Received in revised form 05th August, 2017; Accepted 27th September, 2017; Published online 10th October, 2017
Copyright ©2017, Sujatha et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The purpose of this study is to investigate the association of audit committee expertise and firm performance. Nowadays, an audit committee (AC) is being looked upon as a distinct culture for corporate governance and has received a wide publicity across the globe. Government authorities, regulators and international bodies all have indicated that they view an AC as a potentially powerful tool that can enhance the reliability and transparency of financial information. Being mandatory under SEBI Clause 49 of the listing Agreement, an AC can be of great help to the board in implanting , monitoring and continuing good corporate governance practices to the benefit of the corporation and all its stake holders in firm performance.
