Impact of Audit committee on the Companies Information Environment

The present study is about an investigation of the impact of the audit committee on the information environment of the companies. There are several methods for the measuring of IE in the accounting and finance literature. However in this research by considering different results presented in a comprehensive index, using mathematical method measure IE. With this aim, the impact of presence of audit committee on IE during 2008-2015 was investigated, which was the period before and after when the guideline about the compliance of the internal control was approved. The findings of research results about 41 companies with the panel data and show there is a positive relationship between presence of audit committee and IE. In other words, the establishment of audit committees in companies led to their information environment is more transparent and the index value has increased