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Audit Committee Oversight Of Internal Control Over Financial Reporting, Andrea B. Weickgenannt
Audit Committee Oversight Of Internal Control Over Financial Reporting, Andrea B. Weickgenannt
Doctor of Business Administration Dissertations
This study investigates the processes audit committees employ to fulfill their obligation to oversee internal control over financial reporting (ICFR). Specifically, I explore audit committee processes within five fundamental internal control components: control environment, risk assessment, control activities, information and communication, and monitoring (COSO, 2013). I consider agency theory and institutional theory, investigating the degree of substantive versus ceremonial processes used by audit committees. Additionally, this study considers comfort theory as it reveals details about how audit committees get “comfortable” with ICFR.
The research questions in this study are examined through a cross-sectional survey of 167 public company audit committee …