Purpose – The paper aims to examine the relation between fees paid to auditors and audit quality during the period of 2000‐2003. Design/methodology/approach – The paper constructs a measure of auditor profitability that is used as a proxy for auditor independence. The methodology is...

Purpose – Recent US reforms aimed at strengthening audit committees and their structure grant independent audit committees the responsibility to appoint, dismiss, and compensate auditors. The purpose of this paper is to examine the association between audit committee characteristics and...

Purpose – Recent US reforms aimed at strengthening audit committees and their structure grant independent audit committees the responsibility to appoint, dismiss, and compensate auditors. The purpose of this paper is to examine the association between audit committee characteristics and...

We study the effects of the intensity of board monitoring on directors' effectiveness in performing their monitoring and advising duties. We find that monitoring quality improves when a majority of independent directors serve on at least two of the three principal monitoring committees. These...