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این مقاله علمی پژوهشی (ISI) به زبان انگلیسی از نشریه الزویر مربوط به سال ۲۰۲۱ دارای ۱۸ صفحه انگلیسی با فرمت PDF می باشد در ادامه این صفحه لینک دانلود رایگان مقاله انگلیسی و بخشی از ترجمه فارسی مقاله موجود می باشد.
کد محصول: H709
سال نشر: ۲۰۲۱
نام ناشر (پایگاه داده): الزویر
نام مجله: Journal of International Accounting, Auditing and Taxation
نوع مقاله: علمی پژوهشی (Research articles)
تعداد صفحه انگلیسی: ۱۸ صفحه PDF
عنوان کامل فارسی:
مقاله انگلیسی ۲۰۲۱ : همپوشانی رئیس کمیته حسابرسی ، تخصص رئیس و شیوه های حسابرسی داخلی: شواهدی از مالزی
عنوان کامل انگلیسی:
Audit committee chair overlap, chair expertise, and internal auditing practices: Evidence from Malaysia
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Abstract
In this study, we extend the scarce literature on audit committee (AC) leadership by examining the internal auditing outcomes of AC chair overlap as measured by multiple committees of the same board the AC chair serves on and the financial expertise of the AC chair. Theoretical tension exists (busyness or overcommitment versus knowledge spillover theory) about whether overlapping membership of the AC chair can enhance or weaken monitoring effectiveness. We leverage the 2014 annual report disclosures of the internal audit practices for a sample of Top 100 nonfinancial firms in Malaysia. Our results indicate that overlapping membership of the AC chair is associated with poor internal audit practices, especially the absence of disclosure on compliance with the International Professional Practices Framework and the absence of an internal audit charter. In addition, we find that AC chair financial expertise is more likely to be associated with the adoption of risk-based internal auditing practices.
Keywords: Risk-based, Audit committee chair, ISPPIA, Internal audit, IPPF Charter, Archival
۱.Introduction
Various corporate governance rules, such as the New York Stock Exchange listing rules, advocate that the audit committee (AC) is responsible for direct oversight of the internal audit function (IAF) (KPMG, 2017). The United Kingdom (UK) Internal Audit Code of Practice of 2020 stipulates that the AC is responsible for establishing the internal audit charter; reviewing and approving internal audit plans; appointing, appraising the performance of, and setting the objectives of the chief audit executive (CAE); deciding on the sourcing arrangement of the IAF; approving the resources and budget for the IAF; and ensuring that audit findings are properly reported and acted on by the organization (Chartered Institute of Internal Auditors, 2020). The AC’s support of the IAF can facilitate the work of the CAE, and likewise, reciprocal support from the CAE can be a valuable resource and provide comfort to the AC (Scarbrough, Rama, & Raghunandan, 1998; Goodwin & Yeo, 2001; Sarens, De Beelde, & Everaert, 2009; Soh & Martinov-Bennie, 2011; Rittenberg, 2016; Trotman & Duncan, 2018). As remarked by Rittenberg (2016, p. 2), ‘‘Internal audit’s interaction with an audit committee (or equivalent board committee) is considered one of the hallmarks of good governance.”…
۵.Conclusion
Despite the various organizational benefits that can be derived from an effective IAF, the extant literature explaining the factors associated with exemplary internal auditing practices remains in its infancy (DeFond & Zhang, 2014; Roussy, 2015). In this study, we examine the role of the AC chair in shaping internal audit practices. More specifically, the study focuses on whether the AC chair’s membership in other board monitoring committees and accounting financial expertise are associated with effective internal audit oversight and a well-governed IAF…