The Influence of Audit Committee Expertise on Firms' Internal Controls: Evidence from Mergers and Acquisitions

Sterin, Mikhail

doi:10.2308/horizons-19-076

Cited by 11 publications

(4 citation statements)

References 48 publications

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“…Nazarova (2019) investigate investment activity in Ukraine and its impact on the national economy, studies aspects of improving the investment climate of Ukraine in the conditions of European integration, explore new opportunities for managing innovation and investment activities in entrepreneurship, emphasizes the management of risk situations in terms of increasing investment attractiveness and business security . Alimov (2023), Bedford (2023), Biraglia (2023), Chipriyanova et al (2022), Dicu (2023), Hajjar (2023, Khan (2023), Kumar (2023), Dorokhova et al (2023); Ma (2023), Nishihara (2023), Ortiz (2023), Rao (2023), Sterin (2023), Tang (2023), Dimitrov (2022), Yang (2023) investigate the impact of merger and acquisition processes on the competitiveness of enterprises. Komirna (2019) in the research emphasize investment audit.…”

Section: Literature Reviewmentioning

confidence: 99%

Investment audit in the provision management of the mergers and acquisitions

Fedorov,

NAZAROVA,

Hordopolov

et al. 2023

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This research is relevant because mergers and acquisitions (M&A) is one of the most complex and risky types of business operations that require significant investments. An investment audit is an important part of the M&A process, which allows investors to assess the risks and benefits of investing in a particular company, and helps ensure that the M&A does not lead to unforeseen problems or financial losses. The main purpose of conducting research is to assess the potential returns and risks associated with investments in M&A, which is becoming an increasingly popular method of conducting business operations. Therefore, the importance of an investment audit in M&A assurance management is increasing, as it helps to reduce risks and ensure the successful execution of M&A. Objectives: The purpose of the article is to discuss the further development of investment audit provisions and their impact on the results of the public interest enterprise. Results: Conducting an investment audit is crucial in the provision management of mergers and acquisitions (M&A) to ensure effective decision-making and maximize returns. By conducting a comprehensive investment audit, acquirers can gain valuable insights into the target company's strengths, weaknesses, and growth potential, enabling them to make informed investment decisions, negotiate favorable terms, and develop integration strategies that enhance value creation and minimize risks. Ultimately, a thorough investment audit plays a pivotal role in the provision management of M&A by providing a solid foundation for successful post-merger integration and long-term business growth. Conclusions: In addition to the direct audit of M&A operations, other types of audit can be conducted: legal audit; environmental audit; organizational audit; technological audit. In the face of various challenges confronting business leaders, M&A, especially portfolio optimization, will be a crucial tool for repositioning companies, driving growth, and achieving long-term sustainable outcomes.

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Section: Literature Reviewmentioning

confidence: 99%

Investment audit in the provision management of the mergers and acquisitions

Fedorov,

NAZAROVA,

Hordopolov

et al. 2023

ACCESS

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“…Second, the use of internal control audit results is not ideal [2,5,6]. ird, the internal control audit mainly focuses on postevaluation and lacks prior control and in-process supervision, and the audit process is not sound [2,[7][8][9]. Fourth, internal control audit lacks mature risk assessment mechanism and effective internal control environment [7,10,11].…”

Section: Literature Reviewmentioning

confidence: 99%

The Defects and Improvements of the Internal Control Audit in Chinese Universities with respect to the Probabilistic Hesitant Fuzzy Environment

Zhu

Liu

et al. 2021

Complexity

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This paper analyzes the survey data and qualitative evaluation information of the internal control audit of some universities directly under the Ministry of Education of China (MEC) by using the principal component analysis. The qualitative evaluation information is given by experts and presented by the probabilistic hesitant fuzzy elements. The analysis results show that the internal control audit system and process are not perfect, the professional knowledge and skills of internal auditors in universities are not very adaptable to internal control audit, and the effectiveness of internal control audit management conducted by external firms is not good. These are the three most serious defects of the current internal control audit in universities. The most critical factors influencing the quality of internal control audit in universities are, in order, the difficulty of rational use of the results of internal control audit by universities, the poor support of the leadership for internal control audit, and the insufficient professional knowledge and skills of internal auditors to conduct internal control audit. Thus, this paper proposes that the optimization suggestions for the internal control audit of universities are to establish and improve their internal control audit system and process to continually promote the application of internal control audit results, to increase the degree of attention of the leadership, and to strengthen the construction of the internal audit teams.

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“…This chapter presents the author's selection of initial literature on the issue examined and the current state of the issues. The text focuses on the concepts of audit and control [22,23], especially in the European context of the current marketing environment of SMEs. The marketing environment is full of risks (Risk of enterprise products lowering demand; Risk of enterprise imperfect pricing policy; Risk of enterprise low-quality products; Risk of enterprise low degree products sales promotion) [24] (p. 231).…”

Section: Literature Reviewmentioning

confidence: 99%

Conceptual Comparison of Internal Audit and Internal Control in the Marketing Environment

et al. 2021

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There is a conceptual problem in the adequate application of internal audit and internal control in the real business of the marketing environment. Although both of these managerial tools are theoretically defined, they are practically interchangeable in business. This limits their application. It is therefore necessary to focus on both concepts and make the theory and practice more precise or remove any overlaps. The aim of this paper is therefore a theoretical and practical comparison of internal audit and internal control concepts in the marketing environment. To fulfil this purpose and verify the hypotheses, this paper uses computer assisted self interviewing. The research was conducted in Q1 2021 with a sample of 3052 small and medium enterprises from the international environment of the EU 27. The research conclusions show a strong correlation of the theoretical perception of the terms of internal audit and internal control. At the same time, they show a weak correlation with the audit and control tools used in practice. They also define audit as planned independent assurance (soft consultation) and control as operational managerial assurance (hard comparison). This defines and clarifies scientific theories for managerial practice, thus enhancing and increasing the efficiency of internal audits and internal control in the business environment.

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The Influence of Audit Committee Expertise on Firms' Internal Controls: Evidence from Mergers and Acquisitions

Cited by 11 publications

References 48 publications

Investment audit in the provision management of the mergers and acquisitions

Investment audit in the provision management of the mergers and acquisitions

The Defects and Improvements of the Internal Control Audit in Chinese Universities with respect to the Probabilistic Hesitant Fuzzy Environment

Conceptual Comparison of Internal Audit and Internal Control in the Marketing Environment

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