Naslov
Review of Audit Committee Development in the Republic of Croatia

Autori
Filipović, Ivica ; Šušak, Toni

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), stručni

Izvornik
CIET 2020 / Kovačević, Tonko ; Akrap, Ivan - Split, 2020, 404-409

ISBN
978-953-7220-52-5

Skup
4th Contemporary Issues In Economy & Technology (CIET 2020)

Mjesto i datum
Split, Hrvatska, 29.05.2020

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Recenziran

Ključne riječi
Audit Act ; audit committee ; corporate governance code ; Croatia

Sažetak
Audit committee has long been a part of corporate structures in large companies worldwide. Despite often being the subject of strong criticism (especially in times of major accounting scandals), it has become an indispensable internal oversight mechanism of contemporary corporations. Unlike the situation globally, its appearance in the Republic of Croatia is of recent date and has been related to the strengthening of corporate governance mechanisms in the last decade and a half, with the aim of gaining a greater level of stakeholders’ confidence (especially regarding investors and lenders). Given that the strengthening of corporate governance through non- binding recommendations incorporated in corporate governance codes (“soft law”) in underdeveloped capital markets does not generally achieve desired effects at the speed characteristic for statutory provisions, in this paper particular emphasis is placed on the legislative activities taken in order to improve position of the audit committee from its introduction until today and the effects of legal interventions on its acceptance in business practice.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA