Samenvatting

To confront with the increasingly corporate disclosure frauds that perplex investors’ investment decision-making, the close attention has been paid to the study of voluntary disclosure.  Enormous studies has evidenced that audit committee characteristic is crucial to the extent of voluntary disclosure. Three audit committee characteristics: independence, financial expertise and diligence have been widely researched as the most vital factors for voluntary disclosure. Hence, this paper aims to investigate the relationship between voluntary disclosure and audit committee independence, financial expertise and diligence based on literature review. By reviewing numbers of literature, our results indicate a positive relationship between voluntary disclosure and audit committee independence for the most studies; a multiple relationships with audit committee financial expertise and a consistent positive relationship with audit committee diligence. This paper also provide suggestions to directors and regulators to enhance voluntary disclosure from the perspective of audit committee characteristics based on these results above and current regulations.