EFFECTIVENESS OF AUDIT COMMITTEE CHARACTERISTICS AND AUDIT QUALITY ON FINANCIAL PERFORMANCE: A STUDY OF SELECTED LISTED COMPANIES IN INDIA
DOI:
https://doi.org/10.29121/granthaalayah.v10.i10.2022.4876Keywords:
Audit Committee, Audit Committee Characteristics, Audit Quality, Financial Performance, Agency TheoryAbstract [English]
The aim of this investigation is to evaluate the effect of the “Audit Committee Characteristics” and “Audit Quality” on the “financial performance” of NSE listed companies in India. Content analysis has been done using the top 10 NSE-listed companies for 2020 to 2022 measuring the values of ROA, ROE, and market capitalization. The application of a theoretical framework of agency theory has also been employed and implications identified to analyze the effect of these research-dependent variables on the independent variables. The result of this investigation manifest that the companies that have higher results are less probable to require a greater AC. While, on the other hand, the companies that have lower ROE and ROA are in need of greater “audit quality” and “characteristics of the AC”.
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