FARview #6 - Ganesh Krishnamoorthy - Audit committee involvement and audit quality FARview

In the sixth episode of FARview, our guest is Ganesh Krishnamoorthy. He is a full professor at the accounting department of the D'Amore-McKim School of Business at Northeastern University in Boston, where he also acts as the Accounting Group Chair.

There is a lot of variability in audit committee characteristics and their effectiveness. The overall impression is that audit committees are doing a good job and that they are improving over time. An important remaining question is what really drives audit committee involvement in determining audit quality. Together with his project team members, prof. Krishnamoorthy is looking at the determinants of audit committee involvement in the external audit quality and importantly at the impact of the involvement on final audit quality.

Key take-aways:

•The purpose of this project is looking at the determinants of audit committee involvement in the external audit quality and importantly at the impact of the involvement on final audit quality.

•This requires studying ‘soft’ concepts like culture, leadership, trust and cohesion.

•It is not only hard to measure these concepts, but it is also hard to gather data. How do you get access to audit committee members to tell you about what really happens within an audit committee room? This will be the real challenge.

•The fulfillment of the expectations is dependent on how much data comes through from audit firms, audit committees and other stakeholders.


Profilepage of professor Krishnamoorthy: https://damore-mckim.northeastern.edu/people/ganesh-krishnamoorthy/

Video link: https://youtu.be/LtSrNeg_OvM

Contact: podcast@foundationforauditingresearch.org

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