Audit committee effectiveness: perspectives from South African audit committee members of JSE-listed companies
Date
2021
Authors
Von Willich, Kita
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Abstract
This study investigates audit committee effectiveness from the perspective of South African audit committee members. Data were collected from 10 semi-structured open-ended interviews. The observations of 6 current audit committee members of companies listed on the Johannesburg Stock Exchange (JSE) were analysed and corroborated by the opinions of 2 external audit partners, an internal auditor and a regulator of accounting and governance. This research found that the levels of audit committee effectiveness of JSE-listed companies are poor. Nevertheless, respondents were of the opinion that there seems to have been a marked improvement from 10 or 15 years ago. Poor audit committee effectiveness has been attributed to overreliance on management for information and the lack of diligence to perform independent in-depth enquiry
Description
A research report submitted to the School of Accountancy, Faculty of Commerce, Law and Management, University of the Witwatersrand in partial fulfilment of the requirements for the degree of Masters in Commerce, 2021
Keywords
UCTD, Accountability, Audit committees, Audit committee effectiveness, Corporate governance, South Africa