... investigate the relation between, on the one hand, the audit committee s expertise (financial, governance, and firm-specific expertise), independence, and activities and, on the other hand, aggressive earnings ... likelihood of aggressive earnings management For the third aspect of committee Auditing: A Journal of Practice & Theory, September 2004 The Effect of Audit Committee Expertise, Independence, and Activity ... September 2004 The Effect of Audit Committee Expertise, Independence, and Activity on Earnings Management 21 TABLE Information for the Overall Population Panel A: Descriptive Statistics on Accruals and...