Download or read book An Analytical Study of the Relationship Between Audit Committees and External Auditors to Enhance Corporate Governance in Libyan Commercial Banks written by Abdulhakim M. Masli and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Governance of Banks in Libya written by Ali Elfadli and published by Walter de Gruyter GmbH & Co KG. This book was released on 2019-09-23 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book represents a response to a relative lack of academic research into corporate governance and especially corporate governance disclosure in the Middle East and North Africa (MENA). Specifically, the author explores recent developments in corporate governance disclosure produced by Libyan commercial banks. Along with other corporate governance mechanisms, disclosure plays an essential role in discharging accountability to and protecting shareholders, enhancing corporate performance and reducing the risk of financial crises. In order to improve corporate governance disclosure, it is necessary to understand the context in which it takes place. The MENA countries have unique characteristics, and those involved in the Arab Spring have been affected in different ways. This book provides up to date research into corporate governance disclosure in the context of Libya following the Arab Spring. The banking sector plays a crucial role in the Libyan economy and has specific characteristics which make corporate governance more important than in other sectors, yet research in this sector is rare. Furthermore, the banking sector in Libya has seen significant corporate governance reforms in recent years. As one of the most significant oil producing countries, Libya’s political and business environments have been dramatically affected by the Arab Spring. The author discusses how banks have responded to these reforms and the ways in which their corporate governance disclosure has evolved.

Download or read book Audit Committees in Central Banks written by Marie-Thrse Camilleri Gilson and published by International Monetary Fund. This book was released on 2007-04 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the tasks and design of audit committees, increasingly recommended as a way to strengthen financial accountability and good central bank governance. It outlines the motivations for the establishment of audit committees in commercial corporations and public sector entities, and explains how audit committees interact with other governance bodies within a central bank. The paper focuses on the functions of an audit committee, since the terminology of the governance structure is often country-specific. It summarizes operational issues to consider in designing an effective audit committee and discusses the implications for central bank legislation.

Download or read book The Influence of the Audit Committee on the Internal Audit Department in the System of Corporate Governance in Ghana written by Wiredu Richard and published by GRIN Verlag. This book was released on 2020-06-04 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic Paper from the year 2020 in the subject Business economics - Accounting and Taxes, grade: 1.00, Kwame Nkrumah University of Science and Technology, language: English, abstract: The study seeks to ascertain the practices of the audit committee and internal audit improving corporate governance among companies in Ghana, with specific attention to analysing the audit committee's impact on improving internal audit operations, identifying the relationship between the internal audit unit and the audit committee members. Moreover, the author analyzes the impact of the internal audit department and audit committee members on the risk management strategy of companies. The author aims to exam the relationship that exists among the audit committee, internal audit, and its part in the corporate governance system. A critical analysis of the circumstances leading to the collapse of businesses shows that the majority of these corporate failures could be avoided if effective audit committees and internal audit departments are in place to check management activities, especially concerning financial reporting and other accounting practices. The study results were obtained by using data gathered from the internal auditors and audit committee members through the questionnaire survey method.

Download or read book Influence of Corporate Governance Components on Internal Audit Effectiveness written by Rita Hanna Mansour and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the end of the nineteenth century, a loss of confidence in financial statements was observed in response to the corporate frauds that took place in many recognized corporations worldwide as Parmalat, Enron, and Worldcom. Corporate governance and internal auditor independence had become two concepts of major concern. The importance of the role of corporate governance in the guarantee of the quality of financial reporting is recognized. Audit committee, external auditors and management ownership are essential components in the corporate governance mosaic that are given high importance in this study and their influence on the effectiveness on internal audit function is deeply illustrated. In order to go beyond the theoretical link between corporate governance and internal auditor effectiveness, this study will illustrate through a survey using a quantitative methodology, the real impact of corporate governance components on internal audit effectiveness in the Lebanese firms. Primary data is collected through a questionnaire filled by auditors, members of audit committees and managers from a sample of selected Lebanese firms. The questionnaire was sent to 50 persons from whom 41 responded. The results originated from our study provide a response to the research question and confirm the hypotheses based on the previous literature. We have concluded that, in Lebanon, qualifications, effectiveness of audit committee and interaction with internal auditors have a positive influence on internal audit effectiveness. In addition to that, we can confirm that communication between internal and external auditors enhance internal audit effectiveness. However, managers holding a high percentage of shares may impair internal auditor independence which constitutes a component of internal audit effectiveness.

Download or read book The Audit Committee Performing Corporate Governance written by Laura F. Spira and published by Springer Science & Business Media. This book was released on 2002-01-31 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many in the UK have been patched together to meet regulatory requirements and their operation is poorly understood because few people other than their members have access to their deliberations. In this account of the world of audit committees the practitioner should find the ethnographical perspectives on ceremonial performance, consensus, independence, and comfort both familiar and different.

Download or read book Audit Committees in Commercial Banks written by Nabil Al-Sharabi and published by . This book was released on 2020-09-07 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is to discuss the effectiveness of the role of audit committees (AC) in Yemeni commercial banks, by investigating the basic requirements for them to effectively carry out their primary roles. Also, to check the extent of audit committees' roles in strengthening the independence of external auditors, and their contributions in enhancing the financial reports quality. It examines the extent to which financial institutions, including commercial banks, benefit from effective audit committees. It also offers recommendations on how AC can be more effective. Lastly, the book includes a detailed examination of the characteristics that members of ACs should have in order to be able to perform their duties as required.

Download or read book The External Auditor and the Audit Committee written by Jean Bédard and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The audit committee is an important corporate governance mechanism that is responsible for overseeing the company's relations with the external auditor. It thus contributes to ensuring the quality of the external audit and reinforces confidence in the auditor's report. This chapter provides a survey of the state of knowledge on audit committees. Given the recent extensive literature reviews done on the topic, we focus on current issues and review selected contemporary relevant studies. Four issues regarding audit committees are identified: their role regarding the appointment and removal of the external auditor, their role in overseeing non-audit services, their interactions with the auditor, and their role in auditor/management disagreements. Overall, the results of the studies reviewed suggest that “strong” audit committees influence audit quality. They also show that there is room for improvement. Audit committees are not the external auditor's “boss”; they act at a distance in the auditor selection process and in the process of resolving disagreements between auditor and management. Consequently, management still drives the relationships with the auditor, and the audit committee arguably does not play its full role in protecting auditors' independence. Finally, this chapter underlines the need for more studies on how the audit committee exerts its oversight role in practice.

Download or read book The Impact of Interaction Between Audit Committee and Internal Audit of Enhance the Corporate Governance at Listed Palestinian Companies written by Abdullfatah Sartawe and published by . This book was released on 2017 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose - this paper aims to offer an empirical evidence about the effect of internal audit and audit committee interaction of enhance the corporate governance on listed Palestinian companies. Design/methodology/approach - a number of questionnaires were sent to chef internal audit executives of 44 listed Palestinian companies, and to enhance the depth of variables measurement tools the questionnaire was sent to 3 accounting professors and high experienced internal auditor at big Palestinian companies to take there feedback about the questions included in questionnaire. Finding - this paper found that the interaction between audit committee and internal audit have significant positively effect to enhance the corporate governance. And 97% of study sample agreed the direct line of access for internal auditor to audit committee that enhance the corporate governance, at the same percentage the sample was agree that the (the review of internal audit work result, and plane of internal audit by the audit committee was effect the corporate governance). Value and contribution - to the best of the authors knowledge, this paper fill one of the major topics of auditing literature. This the interaction role between audit committee and internal audit as an institution of internal auditor IIA require. And to measure this interaction on corporate governance.

Download or read book Audit Committee Effectiveness and Internal Audit written by Fatimah Mat Yasin and published by . This book was released on 2012 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increased concerns regarding corporate accountability in various developed nations have been associated with the need for effective audit committee and internal control systems. This is due to large corporate collapses which have demonstrated problems with the quality of financial reporting and auditing. This study examines the nature and extent of the relationship between audit committee characteristics and internal audit function characteristics with audit quality whereby audit fee is used as a proxy for audit quality. The corporate governance characteristics included in this study are audit committee expertise, frequency of audit committee meetings, structure of internal audit function and size of internal audit function. This study applied the agency theory and resource dependence theory. This study also formulated eight hypotheses that guided the analysis and using publicly available information of 200 Malaysian public listed companies for the financial year end 2009 and 2010 each. This study provides recent evidence of a positive relationship between audit quality and two audit committee characteristics: audit committee with postgraduate qualification and frequency of audit committee meeting. Further, a positive relationship is found between audit quality and internal audit function characteristic, which is size of internal audit function. The results indicate firms that consist of more audit committee members with higher tertiary education and meets regularly with well-resourced internal audit units have a significant relationship with the audit quality. Apart from contributing to the literature on corporate governance and audit quality, this study may serve as an input for the regulator to encourage strict enforcement for Malaysian-listed companies to incorporate corporate governance practices especially on audit committee composition and internal audit function.

Download or read book Corporate Governance in Libyan Commercial Banks written by Ali A. Zagoub and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Audit Committees and Corporate Governance in a Developing Country written by Nelson Waweru and published by . This book was released on 2009 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market regulators, commissions and accountancy bodies have recommended the establishment of audit committees as an important step in improving corporate governance. In 2002 the Kenya Capital Markets Authority required all listed companies to establish audit committees. This study examined the role of audit committees in corporate governance in Kenyan listed companies. In particular, how audit committees operate in a developing country such as Kenya and how these practices compare with those of western economies and other emerging economies; how audit committees relate to management, internal audit, and external auditor; and the major achievements and challenges facing audit committees in Kenya. A questionnaire survey completed by 29 companies (60%) showed much similarity to studies in major economies. However, skills shortage and dominant shareholder or government may have affected the operations of audit committees. All the audit committees reported cordial relationships with the management, internal audit and the external auditors, and were perceived to have improved the quality of financial reporting.

Download or read book The Role of the Audit Committee as a Corporate Governance Mechanism written by Abdulhakim M. Masli and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact If Interaction Between Internal Audit and Audit Committee of Enhance Corporate Governance written by Abdulfattah Saeed Sartawi and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose - This paper aims to offer an empirical evidence about the effect of internal audit and audit committee interaction of enhance the corporate governance on listed Palestinian companies. Design/Methodology/Approach - A number of questionnaires were sent to chef internal audit executives of 44 listed Palestinian companies, and to enhance the depth of variables measurement tools the questionnaire was sent to 3 accounting professors and high experienced internal auditor at big Palestinian companies to take their feedback about the questions included in questionnaire. Finding - This paper found that the interaction between audit committee and internal audit have significant positively effect to enhance the corporate governance. And 97% of study sample agreed the direct line of access for internal auditor to audit committee that enhance the corporate governance, at the same percentage the sample was agree that the (the review of internal audit work result, and plane of internal audit by the audit committee was effect the corporate governance).Value and Contribution - To the best of the authors knowledge. This paper fill one of the major topics of auditing literature. This the interaction role between audit committee and internal audit as an institution of internal auditor IIA require. And to measure this interaction on corporate governance.

Download or read book Corporate Governance Around the World written by Ahmed Naciri and published by Routledge. This book was released on 2008-02-14 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last Asian financial crisis, coupled with the western series of corporate scandals, has caused investors and citizens to doubt mangers ability to guarantee credible financial information about organizations. Consequently, legislators all over the world have come to realise the necessity of legislating in the area of corporate governance.

Download or read book Corporate Governance Models and Applications in Developing Economies written by Agyemang, Otuo Serebour and published by IGI Global. This book was released on 2019-08-30 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Virtually all developing, transitioning, and emerging-market economies are faced with one pressing concern at the moment: how to establish the groundwork for long-term economic performance and competitiveness in a diverse market. However, without the existence of good corporate governance in these economies, small enterprise will cease to exist in developing countries. Corporate Governance Models and Applications in Developing Economies is a collection of innovative research that contributes to the better understanding of corporate governance models by documenting the structures, principles, tenets, case studies, and applications for the development of good business practices in developing economies. While highlighting topics including risk management, financial distress, and insider trading, this book is ideally designed for corporate managers, executives, economists, strategists, investors, shareholders, students, researchers, academicians, business professionals, and policymakers.

Download or read book Methodological issues in accounting research written by Zahirul Hoque and published by Spiramus Press Ltd. This book was released on 2018-03-26 with total page 687 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is my theory? How do I choose a theory? Why and how should I employ a particular method for collecting the empirical data? These basic questions concern everyone involved in research. A research study can be a voyage of discovering or choice of theoretical perspective as well as gathering empirics or facts on a problem or situation. This book provides a good guideline as to why and how to choose a particular theory or method to study an organisational phenomenon such as accounting. All the chapters provide both retrospective and contemporary views by scholars in the field. Each chapter documents the latest developments and research in accounting and control systems and provides valuable insights into methodological perspectives in accounting research. This second edition has also introduced a number of new chapters covering strategy-management control as practice, grounded theory approach, institutional logic and rhetoric, social interaction theory, actor-network theory and practice theory. The book is primarily intended for research students and academic researchers. It can also be used for undergraduate Honours course as well as postgraduate accounting and business methodology courses. Research organisations and consulting firms in accounting and business fields may also find this book useful. The principal aims of this second edition are (1) to update the chapters previously published in 2006 and (2) to introduce new chapters documenting recent developments in accounting research.