Audit committee roles, responsibilities and characteristics in Ghana: the perception of 'agency stakeholders'

Teddy Ossei Kwakye, Godfred Matthew Yaw Owusu and Rita Amoah Bekoe

International Journal of Corporate Governance, 2018, vol. 9, issue 1, 73-90

Abstract: This paper examines the perception of firms' major 'agency stakeholders' - external auditors, investors and senior management - of Ghanaian listed companies on the roles, responsibilities and desirable characteristics of an effective corporate audit committee (AC). Employing a survey approach to this study, the paper documents that 'agency stakeholders' in Ghana associate the role and responsibilities of AC more with firms' internal audit function and processes than any other unit which AC has oversight responsibilities. It also demonstrates that corporate stakeholders do not attach the same level of importance to the roles, responsibilities and characteristics of AC. The paper, therefore, highlights the need for stakeholders to be aware of and consider the new dynamics of AC functions and processes with equal importance to promote effective practice.

Keywords: audit committee; corporate governance; GSE; Ghana Stock Exchange; internal audit; stakeholders; agency; perception; board of directors; emerging markets; effectiveness; roles and responsibilities; characteristics. (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=90620 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijcgov:v:9:y:2018:i:1:p:73-90

Access Statistics for this article

More articles in International Journal of Corporate Governance from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().