The impact of audit committees on Managerial overconfidence: An analytical study in the Iraqi environment

The aim of this research is to show the impact of audit committees through their characteristics represented by (independence, financial and accounting experience, size, number of meetings) as an independent variable on Managerial overconfidence with its characteristics represented by (misjudgment, excessive optimism, illusion of control, cognitive bias) as a dependent variable. The study sample was represented by a number of professionals and stakeholders in the Iraqi environment that represents the study community, including banks, insurance companies, and auditors' offices. 30 paper forms and 200 electronic forms were distributed, and 227 forms were retrieved, as the number of valid forms for analysis was 211 forms. The questionnaire tool was used to collect and analyze data. Some measures were also used, including the (Significance level coefficients) tool, the (Cronbach's Alpha) scale, and the (KMO) scale. The statistical analysis program (SPSS Ver.22) and the (AMOS Ver. 20) program were relied upon in analyzing the data. The results of the statistical analysis showed the presence of Negative relationship between audit committees and managerial overconfidence.