Características do comitê de auditoria e o desempenho econômico de companhias brasileiras de capital aberto

Abstract

Development of good Corporate Governance practices are intrinsically associated to organizations internal controls in operational and management processes. Companies must constantly standardize and improve its policies and internal controls in order to offer more transparency and accountability to stakeholders. Audit Committees deal intensively with compliance and process improving, corporate procedures and accounting standards seeking as premise the quality of information and results of the companies. This way, the study of features of Audit Committees as their independence, financial expertise, the committee\'s size and the meetings frequency can be a way to show the evolution of companies performance that operate in the capital market. So the purpose of this study is showing the relationship between the characteristics of Audit Committees and the financial performance, analyzing 60 publicly traded companies in Brazil between period of 2009 and 2014. This study only included companies listed in Annual Journal of Corporate Governance in Capital Aberto Magazine, and companies with Audit Committees related at least two years. Next step, it was collected from \"Economática\" database performance measures information: return on assets, return on equity and market value. The study presents a descriptive character, using a hypothetical deductive method, using the quantitative method. Statistically it was used the econometric model using panel data in order to identify and understand the effects of the Audit Committee on financial performance. The results weren\'t statistically relevant in the relationship between audit committees characteristics and companies performance.