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The Impact of Audit Committees Controls Commitment on Strengthening Corporate Governance: Evidence from Jordan

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  • Fares Jamiel Hussein Alsufy

Abstract

This study aims to determine the extent to which the Boards of Directors of the industrial Jordanian Companies listed on Amman Stock Exchange (ASE) comply with the controls of composing audit committees, their working mechanisms, and the impact on the corporate governance. To achieve the objectives of this study, (155) questionnaires were developed and distributed to the staff members relevant to the subject matter of the study. Out of distributed questionnaire, (144) responded questionnaires only were collected from respondents. The number of questionnaires analyzed was (135) and a T-test has been used to test the hypotheses. The results of the study showed that there is a statistically significant correlation on the existence of the commitment of the Boards of Directors of the Jordanian Listed Companies to the disciplines of audit committees¡¯ formation and their mechanisms of work. The results also demonstrated the existence of impact of this commitment on the governance of these companies. The commitments to these controls and their work mechanisms have been developed to enhance corporate governance in Jordanian companies.

Suggested Citation

  • Fares Jamiel Hussein Alsufy, 2019. "The Impact of Audit Committees Controls Commitment on Strengthening Corporate Governance: Evidence from Jordan," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(3), pages 69-76, March.
    • Handle: RePEc:ibn:ijefaa:v:11:y:2019:i:3:p:69-76
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    References listed on IDEAS

    as
    1. Kam C. Chan & Joanne Li, 2008. "Audit Committee and Firm Value: Evidence on Outside Top Executives as Expert‐Independent Directors," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(1), pages 16-31, January.
    2. Mohammed Hassan Makhlouf & Fares Jamiel Al-Sufy & Haitham Almubaideen, 2018. "Board Diversity and Accounting Conservatism: Evidence from Jordan," International Business Research, Canadian Center of Science and Education, vol. 11(7), pages 130-141, July.
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    More about this item

    Keywords

    audit committees; working mechanisms; audit committees¡¯ formation; corporate governance; ASE;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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    Access and download statistics

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