The effect of audit committee characteristics on forward-looking disclosure

Mohamad Rifai and Sylvia Veronica Siregar

Journal of Financial Reporting and Accounting, 2021, vol. 19, issue 5, 689-706

Abstract: Purpose - This study aims to examine the effect of the audit committee characteristics on forward-looking disclosure. Design/methodology/approach - The characteristics of audit committee that examined are audit committee expertise, audit committee meeting frequency and audit committee size. To measure the extent of forward-looking disclosure, this study did content analysis using a checklist of 22 forward-looking items. The samples of this research are 285 non-financial firms listed on the Indonesia Stock Exchange in the year 2015. Ordinary least square regression is used for hypotheses testing. Findings - The results of this study show that the audit committee accounting expertise, audit committee financial expertise, the frequency of audit committee meetings and the size of the audit committee have a significant positive effect on the forward-looking disclosure. Originality/value - To the best of the authors’ knowledge, this is the first study examining the audit committee characteristics on forward-looking disclosure in the context of Indonesia, one of the emerging markets.

Keywords: Accounting expertise; Audit committee; Financial expertise; Corporate governance; Forward-looking disclosure (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfrapp:jfra-05-2019-0063

DOI: 10.1108/JFRA-05-2019-0063

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