Audit committee characteristics as determinants of non-audit fees in UK FTSE 350 companies

What is it about?

The independence of the Audit Committee is perceived to be compromised due to several previous auditors who sit on audit committees and are also CFOs of the company. This could be perceived as an independence issue about the audit of that company and the value and credibility of the audits provided. This knowledge of previous employment for the Audit Committee members may affect investors when reviewing the audit reports. It could be perceived as a conflict of interest and make the audit report biased towards the company's finances. Our paper appeals to contemporary issues related to policy and the profession along with academic contribution and expects to reflect on the curriculum.

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