审计委员会的一项研究

审计委员会的一项研究:巴林
A Study of the Audit Committees: Bahrain

本文研究审计委员会运作在巴林的相关审计。审计委员会在公司治理方面是一个有效而强大的工具。选择本文背后的原因是,它是由P.L. Joshi和巴林大学会计学系的Amal Wakil共同执笔。这篇文章的标题很有趣,因为它涉及巴林的审计委员会的功能操作。本文探讨了组成、专注和审计委员会(ACs)的功能。它也反映了巴林审计委员会的功能，其收到来自30个巴林证券交易所上市的公司的回音。本文已经成功地检查巴林的公司是否遵守标准指南,规则,规定和建议提供的蓝丝带委员会(BRC)。从本文的研究由P.L. Joshi和阿玛尔Wakil,大小,类型的审计可以被理解，在巴林的行业有很强的类型影响建立审计委员会。本文还强调了公司治理的重要性。这篇文章承认董事会的角色(BoD)，世界各地的企业部门有效治理。除了董事会的多样化的功能,主要为圆润的审计业务和审计委员会程序担当一个委托责任。这篇文章的作者意识到这一事实并不可能总是由董事会来确保可靠性,公司财务报告的真实性和预定账户的诚信。本文还指出不干涉的董事会审计流程的原因。原因是,在真实的财务报告中缺乏足够的时间、技能和专业知识。

The article A study of the audit committees functioning in Bahrain' is related with auditing. Audit Committees are an effective and powerful tool in corporate governance. The reason behind choosing this article is, it was jointly penned by P.L. Joshi and Amal Wakil, Department of Accounting, University of Bahrain. The title of the article is very interesting as it deals with the functioning of the audit committees operating in Bahrain. The article examines the composition, focus and the functioning of the audit committees (ACs). It also reflects on the functioning of audit committees in Bahrain from the responses received from 30 companies listed on the Bahrain Stock Exchange. The article has been successful in examining whether the companies in Bahrain are adhering to the standard guidelines, rules, regulations and recommendations provided by the Blue Ribbon Committee (BRC). From the study of this article by P.L. Joshi and Amal Wakil, it can be understood that the size, type of auditors and the type of industry has a strong influence on the establishment of audit committees in Bahrain. This article also emphasizes on the importance of corporate governance. The article acknowledges the role of the Board of Directors (BoD) in the efficient governance of the corporate sector around the world. Apart from the diverse functioning of the Board of Directors, the major one is to entrust responsibilities to the audit committees for smooth audit operations and procedures. The authors of the article realize the fact that it is not always possible for the Board of Directors to ensure reliability, authenticity and honesty of financial reporting of the company's books of accounts. This article also states the reasons for the non-involvement of the Board of Directors in auditing processes. The reasons cited are, lack of time and adequate skills and expertise in authentic financial reporting. Keeping this in mind, the authors P.L. Joshi and Amal Wakil have described three major functions in the literature on the audit committee's role. The article has an in-depth analysis of financial reporting, internal control and also external audit procedures. The article fully scrutinizes the practices of the audit committees with regard to their composition, membership, meetings, guidelines, functions and sections of interactions in Bahrain. The outstanding thing about this article is that it mainly addresses whether the listed companies in Bahrain are compliant with the standard AC's procedures as recommended by the Blue Ribbon Committee.

This is a good article on the grounds of originality, simplicity, practicality as well as regularity. The authors of this article devoted an ample amount of critical literature review so that their work is aptly positioned within their extensive research work. This is evident from the extensive use of tables and figures throughout the article.

Another striking feature of this article is the mention of The Treadway Report (Treadway Commission, 1987). The mention of the Treadway Report was significant because this report identified corporate governance standards that help in the reduction or elimination of fraudulent financial reporting. By mentioning about the Treadway Report, the authors of this research article have added a lot of value to it. It is because the Treadway Report was the first formal document emphasizing on the responsibilities of the audit committees. The report is also popular since it has set standards of best practice rather than a general or common practice. The main recommendations were that, that audit committees must have charters identifying the responsibilities of the members and solely independent directors must be part of the committee.

研究策略——Research Strategies

The major research strategies are experimental, quasi-experimental, survey design, action research, case studies and ethnography research. This article is an example of survey design research because a lot of questionnaires have been incorporated in the article. Based on the responses from the respondents, the functioning of the audit committees has been analyzed. The article has made use of a variety of techniques in the companies so that issues in the past and present are properly explored. The examination of the issues is important because they affect or influence a complete organization unit or a group of organizational units. This article has used the survey design research strategy to represent various possibilities and point of view of the organizations concerned in Bahrain. With the help of these possibilities and view points, future recommendations can be made. This survey design research work is an in-depth investigation and scrutiny of the audit committees functioning in Bahrain. This article did not follow a rigid protocol to examine the topic of discussion. Rather the authors had adopted a simple but in-depth analysis of the audit committees. In this article, the topic, 'A study of the audit committees functioning in Bahrain,' has been discussed in detail for a better understanding of the subject for the readers. Authors P.L. Joshi and Amal Wakil have provided a very systematic way of looking at the issue, collecting data in the form of tables and charts, analyzing those data and information and finally reporting the results. The authors of this article have adopted a very structured approach in the analysis of the audit committees operating in Bahrain. Consequently, the analysis may gain a clear understanding of the events that have happened in the audit committees in Bahrain. The research strategy adopted may also give an insight of why the instances are happening the way it did. This is significant because it might be essential to look at things more extensively for future research. The survey design approach in this article has been successful in generating and testing hypothesis.

The survey design approach has been able to investigate the functioning of the audit committees within its real life context. This article has incorporated quantitative and multiple sources of evidence. This study is a research approach that includes concrete data collecting techniques and methodological patterns.

After studying the article, it has occurred that the authors have adopted a very optimistic approach to the selection and analysis of cases. In this survey design research, issues of generalization, validity and reliability are all and equally significant.

The authors of this article have made careful use of information-oriented sampling (In tables reflecting figures) rather than random surveys or sampling. In tables III-VI, the analysis is based on the size, foreign operations and audit firms. The prominent aspect of the tables is, the size is gauged in terms of number of employees and the total number of assets. Table III clearly depicts that more the number of employees a company has, more is the possibility of having an audit committee in that company. This shows that citing a few or average examples may result in poor display of information. This study has depth and clarity because it has cited extreme cases (companies having maximum employees and less than 100 employees) that reveal more facts and information generating more basic mechanisms and more respondents in the situations studied.

研究方法——Research Method

The research methodologies used in this article seems to be qualitative. But at the same time it must be noted that the authors P.L. Joshi and Amal Wakil have also made use of quantitative methods by implementing hypothesis testing as well as sampling techniques in the form of tables. This work can also be regarded as an example of mixed method design. The methodology used in this article is in the form of questionnaire. The important aspect of the questionnaire used is that it was distributed to all 41 companies listed in the Bahrain Stock Exchange. Appendix 1 deals with the questions regarding the company's background, the existence of audit committees, their compositions and functions. The technique used in the questions were mostly of a 'yes' or 'no' type. The other questions that were asked were measured making use of the Likert scale that ranges from 4 (a very large extent) to 1 (the lowest). From the study of the article, it is also evident that the authors have taken a lot of effort in meeting partners of audit firms as well as some of the internal auditors of the listed companies. This amount of effort has been put in this article, in order, to discuss and analyze significant aspects concerning the importance of audit committees functioning in Bahrain. This has also been done to understand the role of the audit committees and their endeavor in enhancing corporate governance and ensuring the integrity and authenticity of the financial statements and reports of the company. The other important methodology was the inclusion of the most crucial question i.e. the examination of the viewpoint of the audit firms and the position of Bahrain with regard to the functioning of the audit committees.