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Internal auditor perceptions on audit committee interactions : a qualitative study in Malaysian public corporations

Mat Zain, Mazlina and Subramaniam, Nava 2007, Internal auditor perceptions on audit committee interactions : a qualitative study in Malaysian public corporations, Corporate governance : an international review, vol. 15, no. 5, pp. 894-908.

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Title Internal auditor perceptions on audit committee interactions : a qualitative study in Malaysian public corporations
Author(s) Mat Zain, Mazlina
Subramaniam, Nava
Journal name Corporate governance : an international review
Volume number 15
Issue number 5
Start page 894
End page 908
Publisher Blackwell Publishing
Place of publication Oxford, England
Publication date 2007-09
ISSN 1467-8683
Keyword(s) internal auditing
audit committees
corporate governance
independent directors
Summary Audit committees (AC) and the internal audit function (IAF) are two key corporate governance mechanisms. The primary objective of this study is to provide insights into internal auditors' perceptions of their interactions with AC members in Malaysia. The paper thus contributes to the extant literature by providing additional evidence from a South-east Asian country which is recognised as being characterised with a high power distance culture and a developing capital market. The findings are based on in-depth interviews of the heads of the internal audit function (HIAFs) from 11 publicly listed companies. The results indicate infrequent informal communications and limited private meetings between the HIAFs and ACs, and a need for clear reporting lines. Further, ACs are seen to be held in high esteem for their authority and are expected to take on greater leadership in the inquiry of management's decision-making. These findings highlight the importance of the leadership role of ACs in supporting the IAF.
Language eng
Field of Research 150102 Auditing and Accountability
150303 Corporate Governance and Stakeholder Engagement
HERDC Research category C1.1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2007, The Authors
Persistent URL http://hdl.handle.net/10536/DRO/DU:30018559

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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Created: Tue, 08 Sep 2009, 14:42:58 EST by Rachael Mackenzie