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The Role of the Audit Committee in Corporate Governance and the Influence of the Exchange Rates

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  • Melinda Timea Fulop

Abstract

The corporate governance as environment/framework in which it evolves the audit function, was analyzed from the conceptual point of view starting from the unanimous definition that was found in the OECD principles and continuing with the corporative governments attributes which define it. The main role of corporate governance is to restore market confidence and in this process plays an important role the audit committee. After determining the role and the importance of the audit committees in the entity framework we had considered necessary to analyze the correlations between the Audit Committee and the influence of the exchange rates. Considering the achievement of the objectives proposed in this research, our research is based on a deductive approach from general aspects to particular aspects that combines quantitative and qualitative studies. Theoretical knowledge is used for a better understanding of a phenomenon and not for making assumptions. Thus, in order to achieve our study, we selected 25 companies listed on Berlin Stock Exchange. Following this study, we concluded that the role of the audit committee is crucial.

Suggested Citation

  • Melinda Timea Fulop, 2014. "The Role of the Audit Committee in Corporate Governance and the Influence of the Exchange Rates," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(1), pages 279-286, January.
    • Handle: RePEc:hur:ijaraf:v:4:y:2014:i:1:p:279-286
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    References listed on IDEAS

    as
    1. Brenda A. Porter, 2009. "The audit trinity: the key to securing corporate accountability," Managerial Auditing Journal, Emerald Group Publishing, vol. 24(2), pages 156-182, January.
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    More about this item

    Keywords

    Audit committee; corporate governance; exchange rates;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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