文章基本信息

标题：Impact of internal audit function (IAF) on financial reporting quality (FRQ): Evidence from Saudi Arabia
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作者：Mohammed Al-Shetwi ; Shamsher Mohamed Ramadili ; Taufiq Hassan Shah Chowdury 等
期刊名称：African Journal of Business Management
印刷版ISSN：1993-8233
出版年度：2011
卷号：5
期号：27
页码：11189-11198
DOI：10.5897/AJBM11.1805
语种：English
出版社：Academic Journals
摘要：This study examined the impact of the quality of the internal audit function (IAF), an integral part of corporate governance structure, on the financial reporting quality (FRQ) of all Saudi companies listed in the Saudi stock exchange (TADAWL) in 2009, excluding banks. Both secondary and primary information was collected through a matched survey and interview of internal and external auditors. The findings show weak association between IAF quality and FRQ. The findings imply that the listed firms merely use IAF to provide a symbolic conformity to capital market authority (CMA) regulations. For better internal control and global recognition, CMA needs to put in place more initiatives to increase the role of IAF on firms in Saudi Arabia. Considering the environmental factors of emerging institutions, this study added different insights on the issue of IAF and its role in FRQ in the oil-based economy of Saudi Arabia.
关键词：Internal audit; financial reporting quality; corporate governance; capital market authority; audit committee; the board of directors; Saudi Arabia