Naslov
Audit committee - a fashion accessory of corporate governance or actual need?

Autori
Filipović, Ivica ; Bartulović, Marijana ; Bekavac, Lidija

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

Izvornik
3rd International OFEL Conference on Governance, Management and Entrepreneurship - The Quest for organizational identity, Exploring Socially Constructed Realities / Tipurić, Darko ; Daraboš, Maja - Dubrovnik, 2015, 40-40

ISBN
978-953-57413-5-0

Skup
3rd International OFEL Conference on Governance, Management and Entrepreneurship

Mjesto i datum
Dubrovnik, Hrvatska, 17.04.2015. - 18.04.2015

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Domaća recenzija

Ključne riječi
audit committees ; mechanisms of corporate governance ; transparency of financial reporting

Sažetak
In the last few decades audit committees have been imposed as one of the key mechanisms of corporate governance at the global level and as sub- committees of the supervisory boards they play a key role in ensuring the transparency of financial reporting. However, numerous corporate scandals that have occurred suggest that audit committees do not fulfill their tasks in the structure of corporate governance and, in practice, unfortunately, are more a fashion accessory than actual operative body of corporations. In this paper authors examine status and characteristics of audit committees in the Republic of Croatia. It is analyzed whether audit committees operate with the aim of improving the corporate governance system and increasing the financial reporting transparency or they represent only a symbolic gesture created only with purpose of meeting regulatory requirements. Research on the status and role of audit committees in the Republic of Croatia was conducted based on annual survey of the Code of Corporate Governance that companies listed on the Stock Exchange must submit to the Zagreb Stock Exchange. The main goal of this research is to analyze the existing practices of companies listed on Zagreb Stock Exchange in terms of the existence of the audit committee and its independence in order to determine the role of audit committee in corporate governance system on the example of Croatian companies.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA