The Audit Committee Characteristics and Firms’ Performance: Evidence from Saudi Arabia

Abstract

The audit committee is one of the primary corporate governance mechanisms and perhaps an essential of the board subcommittees. The audit committee assesses the financial reports to ensure transparency and to confirm that the management does not manipulate figures for their benefits. This research objective is to examine the impact of the audit committee characteristics on the Saudi firms’ performance listed in Saudi Stock Exchange from the year 2012 to 2015 excluding financial institutions.