The Impact of Audit Committee Characteristics on the Enhancement of the Quality of Financial Reporting: an empirical study in the Spanish context

摘要: The purpose of this paper is to analyse the relationship between likelihood that a company will receive qualified audit report (as measure quality financial information) and existence characteristics committee (AC). For listed companies voluntarily created an AC in period following publication 1998 Spanish Code Corporate Governance, known as Olivencia Code, we find ACs size, percentage independent members ACs, losses reported either or both previous two years, receiving same opinion year ownership concentration affect error non-compliance qualifications. However, its composition are not factors associated with receipt reports containing uncertainties scope limitations, while years are.