PENGARUH KARAKTERISTIK KOMITE AUDIT TERHADAP FINANCIAL DISTRESS (Studi Empiris pada Perusahaan yang Terdaftar di BEI)

ABSTRACT THE IMPACT OF AUDIT COMMITTEE CHARACTERISTICS ON THE FINANCIAL DISTRESS (An Empirical Study of Listed Companies on Indonesian Stock Exchange) PITRIYA WULANDARI F1308579 This study aims to examine the effect of the characteristics of an audit committee consisting of the size of the audit committee, an independent member of audit committee composition, audit committee meeting frequency, and the competence of the audit committee to the financial distress. This study also uses the control variable firm size. The research using purposive sampling techniques in data collection methods. The sample used in this study were 30 manufacturing companies experiencing financial distress which are listed on the Indonesia Stock Exchange in 2007 until 2009. The analysis uses multiple linear regression with the help of SPSS software 16. The results of analysis show a significant effect between the frequency of audit committee meetings to financial distress, while the size of the audit committee, an independent member of audit committee composition and competence of the audit committee does not have a significant influence on financial distress. These results indicate that audit committee members are doing more meetings will be able to conduct surveillance more effective, so the condition of the financial distress experienced by companies can be minimized. Keywords : Audit Committee Characteristics, Financial Distress, Manufacturing Companies, Indonesian Stock Exchange. Data Avaibility : www.idx.go.id and Indonesian Capital Market Directory