The Analysis of the Audit Committee Practices in the Context of Corporate Governance for a Sample of Entities Listed on the Paris Stock Exchange Market

Author:Master Student Rareș HURGHIȘ; Univ. Prof. Adriana TIRON-TUDOR, Ph. D.; Lecturer Cristina BOȚA-AVRAM, Ph. D.

JEL:M42

DOI:

Keywords:audit committee, corporate governance, audit, CAC 40

Abstract:
The study analyzes how the audit committees of the most important companies listed at Paris Stock Exchange operate. Some specific objectives are followed: how audit committees are structured, how they operate and also what responsibilities that, normally, in a good corporate governance climate would be accomplished are actually met. The research methodology is based on the construction of a questionnaire encompassing the mentioned objectives, and applying this questionnaire to the information disclosed in the annual reports, published on the companies` websites. The CAC 40 stock index comprising 40 companies was elected, from which were included in analysis 28 companies. Analyzing the data that was therefore collected, a disclosure index of the practices of the audit committees was formed, which was subjected to statistical analysis to check if certain factors tend to influence the audit committee practices. Following this study, was concluded that the aspects regarding the structure and responsibilities of the audit committee are essential, for the proper performance of this committee.\r\n\r\n

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