Affiliation:
1. John L. Abernathy is an Assistant Professor at Kennesaw State University, Brooke Beyer is an Assistant Professor at Virginia Polytechnic Institute and State University, Adi Masli is an Assistant Professor at The University of Kansas, and Chad M. Stefaniak is an Associate Professor at Central Michigan University.
Abstract
SUMMARY
This article summarizes “The Association between Characteristics of Audit Committee Accounting Experts, Audit Committee Chairs, and Financial Reporting Timeliness” (Abernathy, Beyer, Masli, and Stefaniak 2014), which investigates the association between audit committee members' accounting expertise and financial reporting timeliness. While we find a positive relation between audit committee accounting expertise and financial reporting timeliness, interestingly, we also find that accounting expertise gained from public accounting experience is associated with more timely financial reporting than accounting expertise gained from CFO experience. We discuss implications of these findings for auditors, companies, and regulators.
Publisher
American Accounting Association
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