IDEAS home Printed from https://ideas.repec.org/a/bla/corgov/v13y2005i1p92-100.html
   My bibliography  Save this article

Audit Committees: practice, rules and enforcement in the UK and China

Author

Listed:
  • Andrew D. Chambers

Abstract

The market, not the regulator, attempts to enforce upon listed companies the “principles” of the UK Combined Code. Even though audit committees feature in the UK Code only at the level of discretionary “provisions”, almost all listed companies have audit committees. The responsibilities of audit committees in the UK and China are broadly similar, though UK guidance gives their audit committees a bigger role with respect to risk management and operational control. In China the market and the regulator are more closely aligned with the State, which is thus more influential in determining compliance with their corporate governance Code.

Suggested Citation

  • Andrew D. Chambers, 2005. "Audit Committees: practice, rules and enforcement in the UK and China," Corporate Governance: An International Review, Wiley Blackwell, vol. 13(1), pages 92-100, January.
    • Handle: RePEc:bla:corgov:v:13:y:2005:i:1:p:92-100
    DOI: 10.1111/j.1467-8683.2005.00406.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-8683.2005.00406.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-8683.2005.00406.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marlene Davies & Bernadette Schlitzer, 2008. "The impracticality of an international “one size fits all” corporate governance code of best practice," Managerial Auditing Journal, Emerald Group Publishing, vol. 23(6), pages 532-544, June.
    2. Lu, Yu & Cao, Yue, 2018. "The individual characteristics of board members and internal control weakness: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 51(C), pages 75-94.
    3. Shan, Yuan George & Troshani, Indrit & Tarca, Ann, 2019. "Managerial ownership, audit firm size, and audit fees: Australian evidence," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 35(C), pages 18-36.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:corgov:v:13:y:2005:i:1:p:92-100. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0964-8410&site=1 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.