Audit Quality and Board Independence
9 Pages Posted: 13 Jul 2018
Date Written: June 21, 2018
Abstract
The paper discusses the “interaction factor” between the board of directors and the auditors in light of the Kotak Committee report on corporate governance and the two-year ban on PwC. Quality of auditing has been a relatively late discovery of corporate governance reforms in India. The Kotak Committee continues the continued the thrust of corporate governance reforms through strengthening of corporate boards through the device of independent directors and greater disclosure. Regulatory pressure to open up the boardroom, however, risks producing a staged sham while the real action moves elsewhere.
Suggested Citation: Suggested Citation
Chakrabarti, Rajesh, Audit Quality and Board Independence (June 21, 2018). Available at SSRN: https://ssrn.com/abstract=3200764 or http://dx.doi.org/10.2139/ssrn.3200764
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