The impact of financial expertise of Audit committee on the Companies Information Environment

Abstract

The present study is about an investigation of the impact of financial expertise of audit committee on the information environment of the companies. Although there are several methods for the measuring of IE in the accounting and finance literature. However in this research by considering different results, presented in a comprehensive index using mathematical method measure IE. With this aim, the impact of financial expertise of audit committee on the IE during 2012-2015 after the approval of guideline, about 121 companies by the panel data analysis show, there is positive relationship among financial expertise and IE. Our findings show this characteristic is important in the company. The financial expertise is character which affects on the effectiveness of audit committee and finally improves the information environment of companies.

Keywords

• companies information environment
• comprehensive index of information environment
• financial expertise of audit committee