The role of audit committees in ensuring the validity and legitimacy of accounting information

Abstract

This study aimed to highlight the role of audit committees in achieving the truth and legitimacy of accounting and financial information, and how these committees can, through the supervisory and advisory role they perform, as they are emanating from the highest authority in the company, represented by the Board of Directors, relying on the descriptive analytical approach, as the study concluded that audit committees contribute significantly to achieving these two basic objectives, and achieving a reasonable guarantee that the financial statements are free of material irregularities, but on the condition that a large percentage of independence is available, especially if this percentage is imposed by specific laws, such as what has been adopted in some countries, especially advanced ones.