Internal audit quality, audit committee independence, growth opportunities and firm performance

Hutchinson, Marion Ruth & Zain, Mazlina Mat (2009) Internal audit quality, audit committee independence, growth opportunities and firm performance. Corporate Ownership and Control, 7(2), pp. 50-63.

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This study explores whether the relation between internal audit quality and firm performance is associated with firm characteristics of information asymmetry and uncertainty (growth opportunities) and certain governance controls (audit committee effectiveness). The results from this preliminary study of 60 Malaysian companies show that the association between internal audit quality and firm performance is stronger for firms with high growth opportunities and that this positive association is weakened by increasing audit committee independence. These findings demonstrate the internal auditors conflicting roles and question the governance recommendations that require all members of the audit committee to be non-executive directors.

Impact and interest:

2 citations in Scopus
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ID Code: 29070
Item Type: Journal Article
Refereed: Yes
Keywords: Growth opportunities, internal audits, audit committee
ISSN: 1727-9232
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2009 Virtus Interpress
Deposited On: 04 Dec 2009 03:45
Last Modified: 21 Jun 2017 14:42

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