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Audit committee characteristics, internal auditors' contribution to financial statement audits and audit fees : Malaysian evidence

Mat Zain, Mazlina and Subramaniam, Nava 2004, Audit committee characteristics, internal auditors' contribution to financial statement audits and audit fees : Malaysian evidence, in APIRA 2004 : Proceedings of the 4th Asia Pacific Interdisciplinary Research in Accounting Conference 2004, Nanyang Technological Univeristy, Nanyang Business School, Singapore, pp. 1-26.

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Title Audit committee characteristics, internal auditors' contribution to financial statement audits and audit fees : Malaysian evidence
Author(s) Mat Zain, Mazlina
Subramaniam, Nava
Conference name Asia Pacific Interdisciplinary Research in Accounting Conference (4th : 2004, Singapore)
Conference location Singapore
Conference dates 4-6 July 2004
Title of proceedings APIRA 2004 : Proceedings of the 4th Asia Pacific Interdisciplinary Research in Accounting Conference 2004
Editor(s) Parker, Lee
Low, Aik-Meng
Publication date 2004
Start page 1
End page 26
Publisher Nanyang Technological Univeristy, Nanyang Business School
Place of publication Singapore
Summary 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).
Language eng
Field of Research 150102 Auditing and Accountability
HERDC Research category E1.1 Full written paper - refereed
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024279

Document type: Conference Paper
Collection: School of Accounting, Economics and Finance
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