Schöndube-Pirchegger, Barbara; Schöndube, Jens Robert - In: Journal of Accounting and Public Policy 30 (2011) 4, pp. 327-347
This paper offers an explanation for audit committee failures within a corporate governance context. The management of a firm sets up financial statements that are possibly biased. These statements are audited/reviewed by an external auditor and by an audit committee. Both agents report the...