scholarly journals Independent audit committee, risk management committee, and audit fees

2019 ◽  
Vol 6 (1) ◽  
pp. 1707042 ◽  
Author(s):  
Dyah Ayu Larasati ◽  
Melinda Cahyaning Ratri ◽  
Mohammad Nasih ◽  
Iman Harymawan
Keyword(s):  
Risk Management ◽  
Audit Committee ◽  
Audit Fees ◽  
Management Committee ◽  
Independent Audit ◽  
Risk Management Committee

scholarly journals ANALYSIS OF THE INFLUENCE OF THE SIZE OF THE BOARD OF COMMISSIONERS AND THE SIZE OF THE COMPANY ON RISK MANAGEMENT SEPARATE FROM THE AUDIT COMMITTEE

2021 ◽  
Vol 4 (2) ◽  
pp. 33-38
Author(s):  
Dwi Urip Wardoyo ◽  
Supriadi Nababan ◽  
Elvan Nazmi Khairi
Keyword(s):  
Risk Management ◽  
Audit Committee ◽  
Stock Exchange ◽  
Secondary Data ◽  
Data Sources ◽  
Annual Reports ◽  
Collection Method ◽  
Management Committee ◽  
Secondary Data Sources ◽  
Risk Management Committee

This study examines the effect of the size of the board of commissioners, and the size of the company on the formation of a separate risk management committee from the audit committee in companies that are members of the LQ45 index on the Indonesia Stock Exchange in 2018-2020. The data collection method in this study uses secondary data sources in the form of annual reports of companies that are members of LQ45. Based on the results of the study, the size of the board of commissioners has an effect on the formation of a separate risk management committee and the size of the company has no effect on the formation of a separate risk management committee.

Audit Committee Characteristics, Risk Management Committee and Financial Restatements

2017 ◽  
Vol 23 (1) ◽  
pp. 287-291 ◽  
Author(s):  
Mazurina Mohd Ali ◽  
Syarifah Saffa’ Najwa Tuan Besar ◽  
Nor’Azam Mastuki Mastuki
Keyword(s):  
Risk Management ◽  
Audit Committee ◽  
Management Committee ◽  
Financial Restatements ◽  
Risk Management Committee

scholarly journals Enterprise Risk Management and Performance of Selected Listed Consumer Goods Companies in Nigeria

2018 ◽  
Vol 4 (1) ◽  
pp. 115
Author(s):  
Yinka M. Salaudeen ◽  
Taibat A. Atoyebi ◽  
Bamidele A. Oyegbile
Keyword(s):  
Risk Management ◽  
Consumer Goods ◽  
Audit Committee ◽  
Enterprise Risk Management ◽  
Board Size ◽  
Management Committee ◽  
Enterprise Risk ◽  
Financial Expertise ◽  
And Performance ◽  
Risk Management Committee

Enterprise Risk Management (ERM) is an integrated framework and monitoring tool for managing uncertainties surrounding the business objectives. This study evaluated the relationship between enterprise risk management and performance of Twenty (20) consumer goods companies listed on the Nigerian Stock Exchange. The independent variables used are existence of risk management committee, existence of financial expertise, existence of audit committee, existence of Chief risk officer and board size. The study adopted ex post facto research design and data were sourced from annual reports and accounts of the selected Consumer Goods Companies. The collated data were analysed using descriptive statistics and generalised least square. The results reveal that risk management committee, financial expertise and board size have significant positive effect on performance. The results also revealed that existence of audit committee has a significant negative effect on performance while existence of chief risk officer has no significant effect on performance. The study therefore recommended that the regulatory authorities and other relevant institutions are enjoined to reassess their supervisory role with the view to strengthen the ERM process and taking the issue of risk management seriously at every level of organisations to provide reasonable assurance.

scholarly journals PARTISIPASI KOMITE AUDIT DAN KOMITE MANAJEMEN RISIKO SELAKU ORGAN DEWAN KOMISARIS TERHADAP KINERJA KEUANGAN PERUSAHAAN ASURANSI DAN REASURANSI DI INDONESIA

2010 ◽  
Vol 10 (2) ◽  
pp. 61
Author(s):  
Ivana Pudiwan ◽  
Sekar Mayangsari
Keyword(s):  
Risk Management ◽  
Financial Performance ◽  
Audit Committee ◽  
Control Variable ◽  
Management Committee ◽  
Independent Variable ◽  
Risk Management Committee

<p class="Style22"><em>The purposes of study are to examine the influences of Audit Committee and Risk Management Committee on financial performance of Insuranse and Reinsurance Company; and to drive a conclusion which is Audit Committee and Risk Management Committee applied to improve company's financial performance. In this research, Audit Committee and Risk Management Committee as independent variable which indicated by Audit Committee's member and Risk Management Committees member. Financial performance oflnsurance and Reinsurance Company as dependent variable is represented byfinancial ratio oflnsurance and Reinsurance Company also leverage and company measurement as control variable. Researcher using 25 insurance and reinsurance companies which are based on defined criteria, with research timeframe from the year of 2006 to 2008. The result of the research concluded that Audit Committee significantly influences financial performance of Insurance &amp; Reinsurance Company and company measurement significantly influences financial performances of Insurance &amp; Reinsurance Company. Risk Management Committee and leverage have not any influence on the financial performance of Insurance &amp; Reinsurance Company. These facts indicate Audit Committee and company measurement could be applied in order to improve financial performance oflnsurance and Reinsurance Company.</em></p><p class="Style1"><em>Keywords : Audit Committee, Risk Management Committee, Financial Performance</em></p>

scholarly journals Risk Management Committee, Auditor Choice and Audit Fees

Risks ◽  
2021 ◽  
Vol 9 (9) ◽  
pp. 156
Author(s):  
Iman Harymawan ◽  
Aditya Aji Prabhawa ◽  
Mohammad Nasih ◽  
Fajar Kristanto Gautama Putra
Keyword(s):  
Risk Management ◽  
Audit Fees ◽  
Ordinary Least Squares ◽  
Policy Makers ◽  
Management Committee ◽  
Auditor Choice ◽  
Audit Firms ◽  
Evidence For Policy ◽  
The Relationship ◽  
Risk Management Committee

We find that risk management committees and BIG4 audit firms contribute to audit fees. We use observations of 895 companies registered in Indonesia for 2014–2018, and to answer our hypothesis we used ordinary least squares analysis. The results show that BIG4 weakens the relationship between RMC and audit fees. Our study proves that higher demand for audit coverage will occur if there is a risk management committee within the company. As a result, audit fees increase. RMC may demand high-quality external guarantees, but the presence of BIG4 as a moderating variable reduces the relationship between the two variables. We assume that this can happen because auditors can work more efficiently if the company has an RMC, auditor(s) could indirectly reduce the risk because it is partially results from the performance of the RMC. In addition, we also use the robustness test to handle the endogeneity problem with consistent results as OLS. These findings provide evidence for policy makers about the relationship between audit fees and risk management committees.

scholarly journals Tata Kelola Perusahaan dan Audit Report Lag pada Perusahaan Financial yang Terdaftar di Bursa Efek Indonesia

Owner ◽  
2021 ◽  
Vol 5 (2) ◽  
pp. 631-643
Author(s):  
Serly Serly
Keyword(s):  
Risk Management ◽  
Board Of Directors ◽  
Audit Committee ◽  
Audit Quality ◽  
Company Size ◽  
Audit Report ◽  
Management Committee ◽  
Quality Audit ◽  
The Impact ◽  
Risk Management Committee

This research seeks to examine the factors that affect the audit report lag of financial companies during the period of 2014-2018. Several factors are selected under this study consists of audit quality, audit committee, auditor changes, board of directors, frequency of board meetings, ability of board of directors, gender of board of directors, risk management committee, company size, and loss. 86 financial companies are sampled in this study. The researcher gained the data using purposive sampling method. The findings indicate the financial company listed in Indonesian Stock Exchange need the average of 71 days to submit audit financial report after the closing date. The variable of frequency of board meetings has significant positive response for the audit report lag, while the impact of board of directors and risk management committee is negative. Meanwhile, variables of the audit quality, audit committee, auditor changes, director expertise, board gender diversity, company size, and loss did not show significant influence on audit report lag. Overall, the finding in this study provides that monitoring activities through board meeting will allow management to discuss how to improve company performance and also reduced the delay corporate disclosure information to stakeholder.

scholarly journals Does Corporate Governance Influence Voluntary Disclosure? Evidence from India

2019 ◽  
Vol 3 (2) ◽  
pp. 203
Author(s):  
Rupjyoti Saha ◽  
Kailash Chandra Kabra
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Significant Influence ◽  
Audit Committee ◽  
Gender Diversity ◽  
Annual Reports ◽  
Board Independence ◽  
Management Committee ◽  
Board Gender Diversity ◽  
Risk Management Committee

The purpose of this study is to examine the influence of different corporate governance (CG) attributes on voluntary disclosures (VD) made by 100 companies listed on the Bombay Stock Exchange (BSE) in their annual reports. To this end, the paper uses appropriate panel data regression technique, whereby the results indicate that three CG attributes—board independence, board gender diversity, and its risk management committee—have significant influence on VD. In particular, board independence is found to have weak negative influence on VD while its gender diversity and risk management committee indicate strong positive influence on VD. The other CG attributes, specifically the board size, role duality, ownership concentration, audit committee independence, and nomination and remuneration committees, do not reveal any significant influence on VD. Overall, the finding suggests that one of the conventional attributes of CG, i.e. board independence, acts with VD as an alternate control mechanism to reduce agency costs and protect investor interests. Meanwhile, VD co-exists with some of the latest CG attributes, including board gender diversity and its risk management committee, to monitor managers. The results of this paper should be relevant to regulators, practitioners, and other market participants in the Indian context, as well as other emerging markets with similar institutional settings.

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