Document Type : Original Article


Department of Accounting , College of Administration & Economics, University of Sulaimani, Sulaymaniyah, Iraq


 Corporate governance has been the centre of concentration by companies worldwide especially after the past decade global financial crisis. Therefore, scholars examined the potential of corporate governance upon diverse aspects of business in organizations. From this perspective, there is a need to address the issue of the relationship between the audit committee and the reliability of the financial reporting for commercial banks under corporate governance. The purpose of the study is to determine the impact of audit committee attributes on the reliability of financial reporting for commercial banks in a developing region, Kurdistan Region of Iraq. To achieve this purpose, the study uses survey approach among a sample of commercial banks operating in the Sulaimani city. The selected banks are Kurdistan International Bank, Bank Iraq for Investment, Erbil Bank for investment and Funding. The study assumes that there is a significant relationship between audit committees and the application of governance standards, in addition to the existence of an impact of audit committees on the reliability of the financial reporting. One of the most important conclusions reached by the study is that boards of directors give importance to the importance of forming audit committees and their work mechanisms too. These results indicate that audit committees affect the reliability of the financial statements.