The Assessment of Model for Improving the Efficiency and Effectiveness of the Audit Committee

Document Type : Research Paper

Authors

1 PhD Student in Accounting, Department of Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran.

2 - Assistant Professor of Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran

3 Department of Accounting, Faculty of Social Science, Imam Khomeini International University, Qazvin, Iran

Abstract

considering the influential position of the Audit Committee(AC) in the corporate governance system, it is very important to pay attention to the efficiency and effectiveness of this committee. the purpose of this research is to evaluate the power of generalizability and validity of model of improving the efficiency and effectiveness of AC, which was extracted using the qualitative research method of grounded theory. during 2022, using quantitative research method and questionnaire tool, the required data was collected from university professors, experts and professional activists. the analysis was based on structural equation modeling. The findings indicate the confirmation of the external and internal reliability and validity of the research model, and the validity of the fit and the predictive power of the model were evaluated at the desired level. In addition, by using the values of the factor loadings and calculating the correlation value of the indicators of a structure with that structure, it was determined that the reliability of the measurement model is acceptable. Also, the impact of six paths arising from the model, including causal, intervening, contextual conditions, strategies and outcomes, which the research hypotheses are based on, were meaningfully confirmed through path analysis tests. Since the findings of this research confirm the effectiveness of the components included in the model for improving the efficiency and effectiveness of AC, the criteria mentioned in this model provide a clear perspective for evaluating the efficiency and effectiveness of AC for companies, legislative authorities and professional institutions.

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Main Subjects

References

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History

  • Receive Date: 26 September 2022
  • Revise Date: 27 September 2023
  • Accept Date: 09 November 2022

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