Audit committee and internal audit
The purpose of this study is to investigate the association of audit committee expertise and internal audit function characteristics, with audit quality, which is proxied by audit fee. As highlighted by prior studies, audit committee and internal audit are among the corporate governance mechanisms....
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International Islamic University Malaysia
2012
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| Online Access: | http://irep.iium.edu.my/32113/ http://irep.iium.edu.my/32113/ http://irep.iium.edu.my/32113/1/yassin_n_nelson_2012.pdf |
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iium-32113 |
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eprints |
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iium-321132013-10-02T04:14:47Z http://irep.iium.edu.my/32113/ Audit committee and internal audit Mat Yasin, Fatimah Puat Nelson, Sherliza H96 Public policy (General), Policy sciences The purpose of this study is to investigate the association of audit committee expertise and internal audit function characteristics, with audit quality, which is proxied by audit fee. As highlighted by prior studies, audit committee and internal audit are among the corporate governance mechanisms. Hence, among the corporate governance characteristics included in this study are audit committee expertise, frequency of audit committee meetings, structure of internal audit function and size of internal audit function. Using publicly available information, 200 Malaysian listed companies were utilised for both 2009 and 2010. It was shown that a positive relationship exists between external audit fee and two of the audit committee characteristics, i.e. audit committee with postgraduate qualification and frequency of audit committee meeting. Further, a positive relationship was found between external audit fee and a characteristic of the internal audit function, which is size of the internal audit function. Apart from contributing to the literature on corporate governance and audit quality, this study may serve as an input for regulators to encourage strict enforcement for Malaysian listed companies to incorporate corporate governance practices, especially in respect of audit committee composition and internal audit function. Finally, it highlights the call for continuous education for directors, to become more resourceful in order to improve their relationship with auditors. International Islamic University Malaysia 2012 Article PeerReviewed application/pdf en http://irep.iium.edu.my/32113/1/yassin_n_nelson_2012.pdf Mat Yasin, Fatimah and Puat Nelson, Sherliza (2012) Audit committee and internal audit. International Journal of Economics, Management and Accounting, 20 (2). pp. 187-218. ISSN 0128-006 http://www.iium.edu.my/enmjournal/index.php/enmj/article/view/216 |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English |
| topic |
H96 Public policy (General), Policy sciences |
| spellingShingle |
H96 Public policy (General), Policy sciences Mat Yasin, Fatimah Puat Nelson, Sherliza Audit committee and internal audit |
| description |
The purpose of this study is to investigate the association of audit committee expertise and internal audit function characteristics, with audit quality, which is proxied by audit fee. As highlighted by prior studies, audit committee and internal audit are among the corporate governance mechanisms. Hence, among the corporate governance characteristics included in this study are audit committee expertise, frequency of audit committee meetings, structure of internal audit function and size of internal audit function. Using publicly available information, 200 Malaysian listed companies were utilised for both 2009 and 2010. It was shown that a positive relationship exists between external audit fee and two of the audit committee characteristics, i.e. audit committee with postgraduate qualification and frequency of audit committee meeting. Further, a positive relationship was found between external audit fee and a characteristic of the internal audit function, which is size of the internal audit function. Apart from contributing to the literature on corporate governance and audit quality, this study may serve as an input for regulators to encourage strict enforcement for Malaysian listed companies to incorporate corporate governance practices, especially in respect of audit committee composition and internal audit function. Finally, it highlights the call for continuous education for directors, to become more resourceful in order to improve their relationship with auditors. |
| format |
Article |
| author |
Mat Yasin, Fatimah Puat Nelson, Sherliza |
| author_facet |
Mat Yasin, Fatimah Puat Nelson, Sherliza |
| author_sort |
Mat Yasin, Fatimah |
| title |
Audit committee and internal audit |
| title_short |
Audit committee and internal audit |
| title_full |
Audit committee and internal audit |
| title_fullStr |
Audit committee and internal audit |
| title_full_unstemmed |
Audit committee and internal audit |
| title_sort |
audit committee and internal audit |
| publisher |
International Islamic University Malaysia |
| publishDate |
2012 |
| url |
http://irep.iium.edu.my/32113/ http://irep.iium.edu.my/32113/ http://irep.iium.edu.my/32113/1/yassin_n_nelson_2012.pdf |
| first_indexed |
2023-09-18T20:46:20Z |
| last_indexed |
2023-09-18T20:46:20Z |
| _version_ |
1777409699935682560 |