The impact of the audit committee’s characteristics on the timing of financial reports

Abstract

The research aims to demonstrate the impact of the audit committee's characteristics (autonomy-scientific and practical expertise-gender diversity) on the timing of financial reports. In order to achieve the objective of this study, the study relied on identification as the main data collection tool. 300 questionnaires were distributed and 202 were retrieved for analysis. For the analysis of the data, a scale gradient was used for the heptathlon kert. (Seven - Point Likert), in order to know the extent of the sample's research responses according to the gradient (Strongly agreed, fully agreed, somewhat agreed, neutral, strongly disagree disagree, somewhat disagree) The study noted that the scientific and practical experience of Audit and Independence Committee members significantly influences the timing of financial reporting. Based on the findings and conclusions of the research, the research recommends that the concepts of autonomy to be found in the members of the audit committees and emphasize that there are no self-interests or benefits for their members so that they can effectively exercise their role, This is taken into account by an authority establishing clear and specific conditions for independence and by taking into account the availability of scientific and practical expertise in members of audit committees when selecting members of the audit committee, which has a positive impact on the timing of the issuance of financial reports.