Audit Quality and Board Independence

9 Pages Posted: 13 Jul 2018

Date Written: June 21, 2018


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

Chakrabarti, Rajesh, Audit Quality and Board Independence (June 21, 2018). Available at SSRN: or

Rajesh Chakrabarti (Contact Author)

O. P. Jindal Global University ( email )

Sonepat Narela road
Sonepat, Haryana 131001

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