Proceedings of the First Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2018)

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Going Concern: A Note of Audit Committee and Independent Commissioners

Authors
Charoline Cheisviyanny, Sany Dwita, Herlina Helmy
Corresponding Author
Charoline Cheisviyanny
Available Online July 2018.
DOI
10.2991/piceeba-18.2018.73How to use a DOI?
Keywords
audit committee, independent commissioners, educational background, experience, independency
Abstract

This research aims to analyze the role of audit committee (AC) and independent commissioners (ICs) in relation to companies’ going concern opinion. Based on the Indonesian GCG rules, one of its duties is to maintain company’s long term going concern. However, prior studies show that the existences of AC and ICs have no influence on the performance of their companies. As such, this study analyzed four companies with going concern opinion, two of them received the opinion from their external auditors (Berlian and SLJ) and the other two should be given going concern opinion based on their Z score (Panasia and Bentoel). The role of AC members and ICs was analyzed from their educational background, experience, and independency. The data of this study were collected from the four companies’ annual reports from 2012 to 2014, commissioner reports, websites, and social media. The results show that the role of AC and ICs has not yet been optimal as required by the rules. It suggested that future studies to conduct in-depth interview with related parties and to explore the role of AC and ICs in other companies.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the First Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
July 2018
ISBN
10.2991/piceeba-18.2018.73
ISSN
2352-5428
DOI
10.2991/piceeba-18.2018.73How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Charoline Cheisviyanny
AU  - Sany Dwita
AU  - Herlina Helmy
PY  - 2018/07
DA  - 2018/07
TI  - Going Concern: A Note of Audit Committee and Independent Commissioners
BT  - Proceedings of the First Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2018)
PB  - Atlantis Press
SP  - 570
EP  - 576
SN  - 2352-5428
UR  - https://doi.org/10.2991/piceeba-18.2018.73
DO  - 10.2991/piceeba-18.2018.73
ID  - Cheisviyanny2018/07
ER  -