The influence of the audit committee on the internal audit operations in the system of corporate governance – evidence from Croatia

Tušek, Boris

doi:10.1080/1331677x.2015.1028245

Cited by 14 publications

(15 citation statements)

References 10 publications

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“…The result is also in line with the findings of several prior studies which focused on the internal audit quality and governance (e.g. Sarens et al, 2012;Suyono & Hariyanto, 2012;Zaman and Sarens, 2013;Amin & Burki, 2014;Tušek, 2015;Drogalas, Arampatzis & Anagnostopoulou, 2016;Alzeban, 2020;Khalid, 2020).…”

Section: Hypotheses Testing Resultssupporting

confidence: 91%

“…Zaman and Sarens (2013) found that additional collaboration between the internal audit functions and audit committee in UK firms is positively impacted internal audit quality attributes. Similar result was found by Tušek (2015) in Croatia. Amin and Burki (2014) found that internal audit process and interaction with business managers have positively and significantly impacted corporate governance practices of Pakistani banks.…”

Section: Literature Reviewsupporting

confidence: 90%

“…Consistent with the recommendation of IIA (2016) and the findings of prior studies in the fields (e.g. Sarens et al, 2012;Suyono & Hariyanto, 2012;Tušek, 2015;Bilal, Twafik & Bakhit, 2018), the current study proposes a positive and significant relationship between the several dimensions of internal audit quality and the audit committee practices through the following three alternative hypotheses: H3. Internal audit competence has a positive and significant impact on the audit committee practices.…”

Section: Study Hypothesessupporting

confidence: 80%

“…However, previous studies in the field have identified the different aspects of internal audit quality, but unfortunately have ignored its effect on the corporate governance practices. In this regard, Tušek (2015) argued that the communication between audit committee and internal audit function offers essential information to audit committee, which in turn strengths the corporate governance practices and supports a firm to achieve its objectives. Therefore, quality of internal audit function is important factor to ensure good governance practices.…”

Section: Introductionmentioning

confidence: 99%

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Internal Audit Function Quality and Audit Committees’ Practices: Survey Evidence from Jordan

Sawalqa¹,

Qtish²

2021

BER

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The current study examines the extent to which audit committees comply with the requirements of corporate governance in Jordan and describes the current status of internal audit function. In addition, the study examines empirically the relationship between the internal audit quality and the compliance of audit committees with the governance requirements. The results from 49 respondents indicate that audit committees comply with the requirement of corporate governance and no significant difference is found in such compliance due to sector. In addition, the internal audit quality attributes are met among Jordanian companies to a considerable extent. Further, the independence and objectivity dimension of internal audit quality has a positive and significant relationship with the compliance of audit committees with governance requirements. Internal audit competence and due professional care have no significant relationship with audit committees compliance. One important implication of the current study is the development of a scale to measure the compliance level of audit committees with the governance requirements that can be used by both academics and decision-makers in firms.

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Section: Hypotheses Testing Resultssupporting

confidence: 91%

Section: Literature Reviewsupporting

confidence: 90%

Section: Study Hypothesessupporting

confidence: 80%

Section: Introductionmentioning

confidence: 99%

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Internal Audit Function Quality and Audit Committees’ Practices: Survey Evidence from Jordan

Sawalqa¹,

Qtish²

2021

BER

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“…In order AC to perform the roles and responsibilities, appropriate level of interactions with IAF is required. On the other hand, IAF's implication towards the reporting and audit quality is largely determined by the level of cooperation with the AC (Tusek, 2015). IAF budget is positively related to the hire of industry-specialist auditors and audit fee.…”

Section: Moderation Role Of Iafmentioning

confidence: 99%

The Effect of Audit Committee Characteristics on Audit Quality: The Moderating Role of Internal Audit Function

See

Pitchay

Ganesan

et al. 2020

JGI

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The purposes of study are to examine the effect of audit committee characteristics namely gender, frequency of meetings, independence member in audit committee and audit committee size on audit quality and the moderating role of internal audit function in the relationship between audit committee characteristics and audit quality. The objective is to contribute to the new evidence on the role of audit committee characteristics plays towards the audit quality with internal audit function as moderator. This research applied a quantitative approach and secondary data as the main source of information for analysis. Stratified random sampling techniques are being used in this study. Further, the structural equation modelling (SEM) approach via SmartPLS was utilized to achieve the research purpose by evaluating the data collected from 250 public listed companies in Malaysia. The results reveal that only three of the audit committee characteristics, namely presence of female members in the audit committee, frequency of meetings and independence of directors, are positively influencing the audit quality for listed companies in Malaysia. Surprisingly, this study also found that internal audit function did not play the moderating effect in the relationship between audit committee characteristics and audit quality. The findings will facilitate researchers and scholars to enhance the understanding of audit committee characteristics particularly the gender, frequency of AC meetings and independence members in the audit committee played in improving overall audit quality. The companies’ stakeholders like professional accountancy body and governments may use the outcomes from this research study to improve existing rules and government regulations and code of conducts of its members to improve the quality of their works. This study contributes to the relatively new discussion on the effect of audit committee characteristics on audit quality by adding internal audit function as a moderator in Malaysia. The outcome from this study may assist the companies’ stakeholders like professional accountancy body and governments in determining improved methods to enhance audit committee characteristics in improving audit quality.

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The role of internal auditing on corporate governance: its effects of economic and environmental performance

Khan,

Liu

2023

Environ Sci Pollut Res

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The influence of the audit committee on the internal audit operations in the system of corporate governance – evidence from Croatia

Cited by 14 publications

References 10 publications

Internal Audit Function Quality and Audit Committees’ Practices: Survey Evidence from Jordan

Internal Audit Function Quality and Audit Committees’ Practices: Survey Evidence from Jordan

The Effect of Audit Committee Characteristics on Audit Quality: The Moderating Role of Internal Audit Function

The role of internal auditing on corporate governance: its effects of economic and environmental performance

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