Assessing Audit Committee Effectiveness: An Examination of a Sample of Studies From the Recent Years

A lot of the research from the 20th century about audit committee effectiveness (ACE) focused on the use of expertise, independence and authority of audit committee (AC) as was summarized in the DeZoort et al. (2002) study. However, AC members’ independence and AC’s authority are no longer a matter of choice for any company listed in the U.S. securities markets. Also, many non-U.S. researchers have studied ACE over the recent years. The current study examines how the measurement of ACE has changed since the DeZoort et al. (2002) study for ACs of companies listed in both United States and abroad.