An Analysis of the Factors that explain why an Audit Committee might fail in its oversight role
14:00 - 16:00
Dr Subadar Agathee
Essex Business School
Dr Osamuyimen Egbon firstname.lastname@example.org
The aim of the Essex Accounting Centre (EAC) research seminar series is to support our world-class research activities in four key areas: social responsibility and corporate governance; (management) accounting change (in privatized, public and third sectors); global development, corruption and accountability; and reporting, regulation and capital markets. The seminar series is also expected to promote inter-disciplinary research that links the work of members of the centre with others both within the university and with external institutions.
This seminar will showcase the background and objectives of the study: The role of the board is to provide oversight and monitoring of executive management, however, poor oversight of the financial reporting process leads to corporate scandals and affects the confidence of different stakeholders in the credibility of the financial reporting process.
To meet the research objectives, the study used insights from the Herzberg’s two factor theory (Herzberg, 1965) and considered motivational factors and independence of mind of members. Motivation can be considered as the core aspect, the stimulus which can transform the current paradigm of the AC. Compared to previous studies on AC, the study adopted a more investigative search on the factors responsible for the oversight failure of the AC. Our study is unique, as we have been able through an Exploratory Factor Analysis to establish four scales that capture the underlying factors responsible in the oversight failure of the AC. The study holds important managerial and policy implications in determining the most suitable ways in selecting AC members.
This is an open event; there is no need to book. Please feel free to attend and bring your colleagues, classmates and friends.
Dr Subadar Agathee Ushad is currently an Associate Professor at the Faculty of Law and Management, University of Mauritius. He has also served in leadership position as head of the department of Finance and Accounting at the University of Mauritius. He has been involved in the curriculum development and accreditation process of undergraduate and postgraduate programmes in different fields ranging from Accounting, Finance and Management at the University of Mauritius. Dr Subadar’s main research interests are in the areas of stock market anomalies, corporate finance, financial accounting and corporate governance. He has also been the principal investigator in some funded research projects by the Mauritius Research Council and has been involved in local and international consultancy projects.