Abstract

We investigate whether the risk management committee and independent commissioner contribute to the audit fee. We use 720 observations from Indonesian listed companies for 2015–2018. We use ordinary least square analysis to address our hypotheses. The result shows that the proportion of independent commissioners weakens the relationship between RMC and audit fees. Our study proved that the existence of a risk management committee would lead to a higher demand for audit coverage. As a result, the audit fee increased. RMC may demand high-quality external assurance, but it may be ignored because the independent commissioner has more authority than RMC. In addition, we also used coarsened exact matching with a consistent result as the OLS. These findings provide evidence for policymakers on the relationship between audit fees and risk management committees.

摘要

我们调查风险管理委员会和独立专员是否负担审计费用。我们使用2015-2018年印尼上市公司的720项观察结果。我们使用普通的最小二乘法分析假设。结果表明，独立专员的比例削弱了RMC与审计费用之间的关系。我们的研究证明，风险管理委员会的存在会导致对审计范围的更高要求。结果，审计费用增加了。RMC可能需要高质量的外部保证，但由于独立专员比RMC拥有更多的权限，因此它可能会被忽略。此外，我们还使用了经过粗化的精确匹配，并将一致的结果用作OLS。