Abstract
This study aims to identify the impact of the audit committees' properties on the quality of the information of the banking financial reports in the Saudi commercial banks by identifying the effect of identifying tasks and duties, independence, accounting and banking experience and efficiency of the audit committee on achieving the quality of the Saudi banking and financial reports. 110 questionnaires were distributed on the research sample and 105 questionnaires were received and analyzed through ANOVA. Results indicate that the availability of the audit committees' properties affect increasing the quality of the financial reports in the Saudi banking at the level of properties as a whole where the (P) probable value was (0.000 ), which is less than 0.05. It represents the functions and duties of the audit committee, the committee's independence in banks, the availability of the accounting and banking experience for the members of the audit committee and the efficiency of the audit committees at banks. The study recommends more emphasis on the diversity of the experiences of the members of the audit team and thus; the committee can performs its functions in a more efficient and effective way.
Highlights
Attention has been increased with the presence of the audit committees in the companies in recent times after many cases of financial collapse and corruption in a large number of companies in many countries
This study is to highlight the impact of the audit committees' properties on achieving the quality of the financial reports of the Saudi commercial banks through the comprehensiveness of the accounting disclosure of information needed by the users of accounting information in the Kingdom of Saudi Arabia
3. (Shami, 2006): The study problem is represented in answering the question of what is the impact of audit committees on the quality of the financial reports information? This study showed the importance of composing audit committees since they support the objectivity and credibility of raising the quality level, support confidence in the quality of the financial reports, reduce manipulation by the management, improve the quality of the internal audit level, provide protection for users of financial reports, strengthen the independence of the external auditor, and reduce shortcomings in controlling the financial report
Summary
Attention has been increased with the presence of the audit committees in the companies in recent times after many cases of financial collapse and corruption in a large number of companies in many countries. The reason is that the foundation of forming the audit committees in companies is to ensure the quality of the financial reports, the availability of quality in information and to expand the benefits of such information. The audit committees have received an increasing attention from the public shareholding companies because they are considered a fundamental pillar of the quality of the financial reports information. This study is to highlight the impact of the audit committees' properties on achieving the quality of the financial reports of the Saudi commercial banks through the comprehensiveness of the accounting disclosure of information needed by the users of accounting information in the Kingdom of Saudi Arabia
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
