The diligence of audit committees in the healthcare sector

Thomas E. Vermeer (University of Baltimore)
K. Raghunandan (Florida International University)
Dana A. Forgione (College of Business, University of Texas at San Antonio)

Journal of Public Budgeting, Accounting & Financial Management

ISSN: 1096-3367

Publication date: 1 March 2009


Problems with governance at non-profit (NP) healthcare organizations have recently led to legislative scrutiny of their audit committee practices. Using data from a survey of chief financial officers of NP healthcare organizations and from the GuideStar database, we examine audit committee interactions with external auditors for a sample of 69 NP healthcare organizations. We find that 71% of the audit committees in our sample meet privately with the external auditor and the mean number of such meetings 1.9. Our results also suggest that audit committee interaction with the external auditor varies in response to resource dependencies, existence of debt, audit quality, audit tenure, and organizational size. These findings suggest that NP healthcare organizations respond to monitoring demands by adopting suitable audit committee related interactions.


Vermeer, T.E., Raghunandan, K. and Forgione, D.A. (2009), "The diligence of audit committees in the healthcare sector", Journal of Public Budgeting, Accounting & Financial Management, Vol. 21 No. 1, pp. 1-16.

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Copyright © 2009 by PrAcademics Press

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