Exploring the impact of audit committee effectiveness on audit report lag

Abstract

This report consists of three chapters; and the first chapter provides introduction to my internship experience at ACNABIN Chartered Accountants, work details and description of my job experiences, benefits, problems and difficulties etc. The second chapter gives an overview of ACNABIN, their overall structure and brief discussion on each functional area, such as management, marketing, finance and accounting, operations and overall analysis of their external environment. Finally, the key highlight of this report is project report that explores the relationship between audit committee effectiveness and audit report lag. It provides introduction to audit report lag (ARL) in the pharmaceutical sector in Bangladesh, outlining its significance and the study's objectives. Followed by a literature review that examines previous research on the relationship between audit committee characteristics (independence, tenure, and financial expertise) and ARL. The data analysis part using multiple regression to shows how audit committee independence, tenure and financial expertise are related to audit report lag and how much of the variable in ARL is explained by variation in these factors. The report concludes by summarizing the key findings, acknowledging the study's limitations, and suggesting areas for future research.