Article2016

Audit committee activity and internal control quality in Egypt

94 citations0/0 files storedManagerial Auditing Journal

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Auditing, Earnings Management, Governance Corporate Finance and Governance Corporate Governance and Financial Management

Abstract

Purpose – The purpose of this paper is to examine the association between audit committee activity, external auditor’s size and internal control quality (ICQ) in the Egyptian setting. It also explores how external auditor’s size moderates the relationship between audit committee activity and ICQ. Design/methodology/approach – To obtain relevant information about ICQ in Egypt, the authors conducted a survey among external auditors using an internal control checklist. Findings – Results show that audit committee activity has a significant positive effect on ICQ. In addition, Big 4 auditors contribute significantly to the improvement of the ICQ in the Egyptian setting. Finally, the association between audit committee activity and ICQ is more pronounced when an organisation is audited by a Big 4 audit firm. Originality/value – The results this paper demonstrate that Big 4 auditors play a governance role in weak legal environment as exists in Egypt by strengthening the effectiveness of audit committee meetings. The findings also have policy implications for Egyptian standard-setters and other emerging economies characterised by an under-developed and poorly regulated audit market, with respect to the development of internal auditing standards.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 94 citations exist upstream.

References

1983Separation of Ownership and Control 1997A Survey of Corporate Governance 1992A Modest Proposal for Improved Corporate Governance 2007Determinants of weaknesses in internal control over financial reporting 2004Do External Auditors Perform a Corporate Governance Role in Emerging Markets? Evidence from East Asia 2005Audit Committee Quality and Internal Control: An Empirical Analysis 2006Factors Influencing Voluntary Corporate Disclosure by Kenyan Companies 2006Audit Committee Quality, Auditor Independence, and Internal Control Weaknesses

Cited by

2016Internal controls and fraud – empirical evidence from oil and gas company 2019The effect of board and audit committee effectiveness on internal control disclosure under different regulatory environments in South Asia 2019Classifying internal audit quality using textual analysis: the case of auditor selection 2019Internal control quality, voluntary disclosure, and cost of equity capital: The case of an unregulated market 2021Research patterns and intellectual structure of Managerial Auditing Journal: a retrospective using bibliometric analysis during 1986-2019

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.