The impact of family ownership on the effectiveness of the audit committee and its impact on audit quality

Abstract

This research aims to measure the impact of family ownership in the research sample banks on the effectiveness of the audit committee and their reflection on the quality of auditing for a sample of 10 banks listed on the Iraq Stock Exchange for a period of 10 years starting from 2014 until 2023 due to the availability of data. Islamic banks and banks whose data are not fully available were excluded. To achieve the research objective, the researchers used the method of analyzing the financial data of the research sample banks published in the Iraq Stock Exchange. Statistical methods were also used, represented by simple and multiple regression, normal distribution of data, and correlation analysis to arrive at the results. After conducting the analysis and tests, the researchers reached a set of conclusions, the most important of which is the existence of a statistically significant relationship between family ownership and the effectiveness of the audit committee, as ownership structures can lead to the effectiveness of audit committees by reducing family ownership, and this effect is reflected significantly on the quality of auditing through the effectiveness of audit committees.