Audit committee characteristics, internal auditors' contribution to financial statement audits and audit fees : Malaysian evidence
Contribuinte(s) |
Parker, Lee Low, Aik-Meng |
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Data(s) |
01/01/2004
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Resumo |
This paper provides empirical evidence on the impact of audit committee characteristics on the extent of internal auditor’s contribution to financial statement audits in an emerging economy. Using a cross-sectional regression model, based on Felix, Gramling and Maletta’s (2001) study, it provides evidence of a positive relationship between internal auditor contribution to financial statement audits and three dimensions of audit committee characteristics: the proportion of independent audit committee members; the extent of audit committee members’ knowledge and experience in auditing, accounting, and finance; and the extent of audit committee review of IA proposal related to program, budget and coordination. A second model examines a relationship between internal audit contribution to financial statement audits and audit fees. However, the results did not yield a significant relationship between the two variables. These results are based on a unique data set comprised of publicly available data matched with survey data from chief internal auditors or financial controllers of 90 firms listed on the Kuala Lumpur Stock Exchange (KLSE).<br /> |
Identificador | |
Idioma(s) |
eng |
Publicador |
Nanyang Technological Univeristy, Nanyang Business School |
Relação |
http://dro.deakin.edu.au/eserv/DU:30024279/subramaniam-auditcommittee-2004.pdf http://www.smu.edu.sg/events/apira/2004/Final%20Papers/1276-Subramaniam.pdf |
Tipo |
Conference Paper |