The Impact of the work Pillars of the Audit Committees on Light of the Governance in Controlling the Quality of the Financial Performance in the Jordanian Commercial Banks

Abstract

This study aims to figure out the impact of the work pillars of the audit committees in light of the governance in controlling the quality of the financial performance in the Jordanian commercial banks. The study population consisted of all the 23 listed banks on the Amman Stock Exchange (ASE). As for the study sample, it consisted of 93 members of the audit committees as well as the internal auditors and the financial managers working in the banks examined in the study. The study recommended a significant impact for the work pillars of the audit committees in light of the governance represented in the (commitment to functions and responsibilities, powers of the audit committees, financial expertise of audit committees, and number of the members of audit committees) in controlling the quality of the financial performance in the Jordanian commercial banks. The study recommended the need the banks be committed to reporting on the effectiveness of the audit committees in their annual reports due to their clear impact on the quality of the financial performance in the Jordanian commercial banks.