Provide an integrated model of the challenges and barriers to the effectiveness of audit committees using the Grand Theory approach

Document Type : Original Article

Authors
reza mohammadi 1
Roya Darabi 2
Fatemeh Sarraf 3
1 Ph.d student in Accounting, Tehran South Branch, Islamic Azad University, Tehran, Iran.
2 Associate professor Department of Accounting, Tehran South, Islamic Azad University.
3 Assistant professor of Department of Accounting, Tehran South, Islamic Azad University.
Abstract
Abstract
Audit committees are one of the main pillars of the corporate governance system. The short history of the establishment of audit committees in Iran has brought many challenges to its implementation. In this study, various aspects of the challenges of the Audit Committee in Iran and its promotion strategies were investigated for the first time, using a qualitative approach and with the help of contextual theory and the use of in-depth interviews, the main stakeholders of the Audit Committee. The study was completed by 31 interviews using the snowball method. The research data were analyzed using open, central, and selective coding, which is specific to the contextual theory approach, to obtain an integrated model of all determinants in interviews and notes. The identified factors have been tested using Delphi method.
Based on the obtained results, the most important challenges of implementation and obstacles to the implementation of efficient audit committee were classified and presented in a multifaceted manner, including regulatory, environmental and cultural characteristics. The findings indicate many challenges in various dimensions for the implementation and implementation of an efficient and quality audit committee in Iran. A selection of research data and challenges in various dimensions were also presented at the end. Finally, the model obtained from the interviews was approved by two of the participants and two professional experts.
Keywords
Keywords: Audit Committee
Audit Committee Performance
Grounded Theory
Delphi Method
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