Document Details

Document Type : Article In Journal 
Document Title :
Audit Committees as a Cornerstone of Corporate Governance: Saudi Case Study
لجان المراجعة كأحد دعائم حوكمة الشركات:حالة السعودية
 
Subject : Accounting 
Document Language : Arabic 
Abstract : The important of Corporate Governance is becoming increasingly recognized in recent years, particularly after the collapse of large public companies such as "Enron" and "WorldCom" in the USA. The study aims to clarify the reasons and motives behind the sudden popularity of the Corporate Governance concept in the last few years, shedding light on the theoretical and practical aspects of the concept, along with searching and discussing the role of audit committees as a cornerstone in the process of its implementation, with focus on the Saudi environment. The study indicates that the Corporate Governance is a system by which organizations are directed and controlled. It aims to protect shareholders' rights, enhance disclosure and transparency, facilitate effective functioning of the board, and provide an efficient legal and regulatory enforcement framework. The study also indicates that despite the Corporate Governance concept being new in the Saudi environment, increasing efforts took place to reveal this concept. The study also provides evidence that the audit committees have an important role yet to play in the implementation of Corporate Governance in Saudi Arabian financial reporting environment. This role is a characteristic function of audit committees being a control channel between internal and external auditors and the corporation's board.  
ISSN : 1319-0997 
Journal Name : Economics and Administration Journal 
Volume : 22 
Issue Number : 1 
Publishing Year : 1429 AH
2008 AD 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
عوض سلامة الرحيليAwad Salamah F. Al-RehailyResearcher  

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