Empirical Evidence of the Moderating Effect of Effective Audit Committee on Audit Experience in the Public Sector: Perception of Internal Auditors

Badara, Mu’azu Saidu; Saidin, Siti Zabedah

doi:10.5901/mjss.2014.v5n10p176

Cited by 15 publications

(21 citation statements)

References 43 publications

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“…This is in line with agency theory that the presences of audit committee members' with financial literacy increases the business performance and prevent its going-concern problems. This is in line with the findings of Badara and Saidin, (2014); Kibiya et al, (2016); Madawaki and Amran, (2012). However, contradicts the findings of Mohamad et al, (2012) and Sallouma et al, (2014).…”

Section: Data Analysis and Discussion Of Resultssupporting

confidence: 92%

“…Audit Committee Financial Expertise (ACE) measured as the proportion of audit committee directors who qualify as accounting financial expert to the total number of members of the audit committee. This is in line with (Badara & Saidin, 2014;Miko & Kamardin, 2015;Sallouma et al, 2014).…”

Section: Methodssupporting

confidence: 89%

“…Previous studies support this view, that audit committee members' financial expertise can increase the efficiency of a company's internal control (Badara & Saidin, 2014;Bala & Gugong, 2015;Baxter & Cotter, 2009;Kibiya et al, 2016;Madawaki & Amran, 2012). Conversely, Mohamad, Rashid, & Shawtari, (2012); and Sallouma et al, (2014) discover the absence of relationship concerning audit committee financial skills and going-concern.…”

Section: Literature Reviewmentioning

confidence: 95%

See 2 more Smart Citations

Audit Committee and Going-Concern in Nigerian Financial Institutions

Garba¹,

Mohamed²

2018

ijird

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This paper studies the impact of the audit committee on the going-concern of Nigerian financial institutions. The final sample of twenty-nine (29) firms using period of 2006 to 2015. These have been utilised using Driscoll and Kraay's standard errors estimation. The results found that audit committee financial expertise have a significant positive influence on going-concern of Nigerian financial institutions. However, audit committee size and independence have a negative influence on goingconcern of Nigerian financial institutions. This implies the size or independence of audit committees alone with financial know-how do not have a direct positive effect on the health status of companies. It recommended that regulators increase the number of audit committee members with know-how from at least one (1), however, to a minimum of 60% so as to safeguard the going-concern of the financial institutions in Nigeria.

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Section: Data Analysis and Discussion Of Resultssupporting

confidence: 92%

Section: Methodssupporting

confidence: 89%

Section: Literature Reviewmentioning

confidence: 95%

See 1 more Smart Citation

Audit Committee and Going-Concern in Nigerian Financial Institutions

Garba¹,

Mohamed²

2018

ijird

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“…It has been contended that differences exists between private and public sector internal auditing in relation to their structures and operations [5]. The study extends that of [6], [7] with focus on public sector entities.…”

Section: Introductionmentioning

confidence: 85%

Internal audit function: a comparison between private and public sector in Nigeria

2017

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Abstract. This study compares the internal audit functions between private and the public sector. Features examined include hierarchical rank of internal audit function, internal audit transfer, outsourcing of internal audit services and working relationship of internal audit with external auditor. The study is based on a survey of internal audit managers and chief internal auditors in private and public sector entities in Nigeria. The results revealed that there is no much difference in hierarchical rank of internal audit function in both sectors. While the results showed that differences exist in the reporting status between internal audit in the two sectors with private sector internal audit reporting to audit committee and chief executive officer and public sector internal audit reporting to chief executive officer and chief financial officer. Almost a similar amount of work is outsourced, and private sector entities are more likely to outsource than those in public sector. There is slight difference between internal audit activities and interaction with external auditor in the two sectors with private sector more likely to coordinate in the area of access to audit working papers.

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“… Empirical studies underpin 2.6 times more papers (13, 72.22%) than non-empirical ones (5, 27.78%).  Purely qualitative studies are used by more papers (9) than purely quantitative (7). The mixed approach is used by 2 papers - [6], [19].…”

Section: Reference Approach Dimensionmentioning

confidence: 99%

Understanding ‘Motivation - Internal Control’ Relations in Municipalities

Lambovska¹,

Yordanov²

2020

TEM Journal

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This paper provides an overview of the theoretical foundations on the topic of ‘motivationinternal control’ relations in municipalities, based on papers indexed by Web of Science and Scopus before May 2020. A systematic approach is taken in it. According to the results, the topic is underdeveloped. Also, researchers are more interested in the influence of internal control on motivation than vice versa. 20 motivational factors and 18 features of stakeholders’ potential were identified. Strongly cited factors are audit quality, effective internal control, compliance with standards, social and democratic accountability, and features - professional competence, objectivity, ethics, integrity, responsibility.

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Empirical Evidence of the Moderating Effect of Effective Audit Committee on Audit Experience in the Public Sector: Perception of Internal Auditors

Cited by 15 publications

References 43 publications

Audit Committee and Going-Concern in Nigerian Financial Institutions

Audit Committee and Going-Concern in Nigerian Financial Institutions

Internal audit function: a comparison between private and public sector in Nigeria

Understanding ‘Motivation - Internal Control’ Relations in Municipalities

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