Perceptions Over the Audit Committee Practices in the Context of Corporate Governance: Evidence From Romania

The aim of current study is to investigate the Romanian auditors’ perceptions over the audit committee practices that should be take into account for an integrated framework of good practices in the context of corporate governance. Starting from this main objective, this study also aims to explore the actual applicability of the proposed audit committee practices. Statistical analysis was conducted on data obtained from questionnaires submitted to a significant sample of Romanian auditors, members of Chambers of Financial Auditors of Romania, the main organism that is coordinating the audit activity in Romanian context. In spite of the fact the response rate was not the most significant one; the author do still believe that these results could represent a relevant starting point in developing an integrated framework of good audit practices, including audit committee practices, in order to stimulate the corporate governance soundness.