The Effectiveness of Audit Committee in Taiwan

• Main Authors: Ber-Su Wu, 吳柏澍
• Other Authors: Lee-Hsuan Lin
• Format: Others
• Language: en_US
• Online Access: http://ndltd.ncl.edu.tw/handle/79089271181192544132

碩士 === 元智大學 === 商學碩士班(會計學程) === 101 === Enterprise reinforces corporate governance to promote corporate image after Enron. Audit Committee (AC) improves corporate governance and increase performance. Audit Committee has been introduced since 2007 in Taiwan. The purpose of the study is to examine the effectiveness of Audit Committee. The data is collected from Taiwan Economic Journal (TEJ) and sample period is from 2003 to 2010. This paper explores the effectiveness of Audit Committee through three perspectives of independence, expertise and diligence. Further, the study also compares performance of Audit Committee and Supervisor. Then, research results verify Audit Committee is effective in Taiwan. Effectiveness of Audit Committee will be influenced by independence, expertise and diligence. Furthermore, Audit Committee couldn’t replace the position of Supervisor in Taiwan.