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Auditors’ Perceptions of Corporate Governance in Hong Kong
Avenida da Universidade, Taipa, University of Macau, Macau, China
Avenida da Universidade, Taipa, University of Macau, Macau, China
- 1 Avenida da Universidade, Taipa, University of Macau, Macau, China
- 2 Avenida da Universidade, Taipa, University of Macau, Macau, China
Open Journal of Accounting·Volume 07 (2017)·Pages 82–92·Published 20 November 2017·DOI10.4236/ojacct.2018.71006
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Abstract
Corporate governance system plays an important role in the contemporary accounting and management literature. The purpose of this study is to examine the auditors’ perceptions on corporate governance in the Hong Kong market. 92 experienced professionals of Big 4 audit firm auditors are interviewed to summarize the ideas of how to maintain an efficient corporate governance system. Results of the study show that effective corporate governance should avoid family directors to dominate the board. Second, effective audit committee plays a crucial role in order to maintain sound corporate governance. The study would be advantageous for listed companies in HK to adopt a better corporate governance structure in the firm.
KeywordsCorporate GovernanceAuditorsAudit Committee
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