The effect of audit committee members expertise on internal audit budget: evidence from Malaysia

Internal auditing is not only an important element of international businesses, but also a crucial component of the company’s internal control and risk management. Audit committee’s main objective is to ensure the trustworthiness and credibility of financial statements by monitoring the process of f...

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Main Author:	Al-Saih, Tareq Abdulhameed Manea
Format:	Thesis
Language:	eng eng eng
Published:	2018
Subjects:	HF5667 Professional Ethics Auditors.
Online Access:	https://etd.uum.edu.my/8212/1/Depositpermission_s822857.pdf https://etd.uum.edu.my/8212/2/s822857_01.pdf https://etd.uum.edu.my/8212/3/s822857_references.docx
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id	my-uum-etd.8212
record_format	uketd_dc
spelling	my-uum-etd.82122021-05-04T01:44:57Z The effect of audit committee members expertise on internal audit budget: evidence from Malaysia 2018 Al-Saih, Tareq Abdulhameed Manea Mohamad Nor, Mohamad Naimi Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5667 Professional Ethics. Auditors. Internal auditing is not only an important element of international businesses, but also a crucial component of the company’s internal control and risk management. Audit committee’s main objective is to ensure the trustworthiness and credibility of financial statements by monitoring the process of financial reporting. Internal auditing and audit committees serve each other to generate reliable financial statements. The available resources for internal audit department is monitored by audit committee, whereas internal audit department reports internal control activities to audit committee. The main objective of this study is to examine the impact of audit committee members expertise (accounting experience, auditing experience, BIG Four experience, academic qualification and professional qualification) on internal audit budget in the context of Malaysia. The sample of this study includes the top 100 firms listed in Bursa Malaysia over three-years period – from 2015 to 2017 to examine the proposed relationship. The regression analysis shows that audit committee members accounting experience and professional qualifications have a positive and significant impact on internal audit budget, while audit committee members who worked at BIG Four firms and acquire academic qualification have negative and significant effect on investment in internal audit. The theoretical, academic, regulatory and practical implications were explained in detail showing how policy makers, practitioners and academics can benefit from the current study. 2018 Thesis https://etd.uum.edu.my/8212/ https://etd.uum.edu.my/8212/1/Depositpermission_s822857.pdf text eng staffonly https://etd.uum.edu.my/8212/2/s822857_01.pdf text eng public https://etd.uum.edu.my/8212/3/s822857_references.docx text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Mohamad Nor, Mohamad Naimi
topic	HF5667 Professional Ethics Auditors.
spellingShingle	HF5667 Professional Ethics Auditors. Al-Saih, Tareq Abdulhameed Manea The effect of audit committee members expertise on internal audit budget: evidence from Malaysia
description	Internal auditing is not only an important element of international businesses, but also a crucial component of the company’s internal control and risk management. Audit committee’s main objective is to ensure the trustworthiness and credibility of financial statements by monitoring the process of financial reporting. Internal auditing and audit committees serve each other to generate reliable financial statements. The available resources for internal audit department is monitored by audit committee, whereas internal audit department reports internal control activities to audit committee. The main objective of this study is to examine the impact of audit committee members expertise (accounting experience, auditing experience, BIG Four experience, academic qualification and professional qualification) on internal audit budget in the context of Malaysia. The sample of this study includes the top 100 firms listed in Bursa Malaysia over three-years period – from 2015 to 2017 to examine the proposed relationship. The regression analysis shows that audit committee members accounting experience and professional qualifications have a positive and significant impact on internal audit budget, while audit committee members who worked at BIG Four firms and acquire academic qualification have negative and significant effect on investment in internal audit. The theoretical, academic, regulatory and practical implications were explained in detail showing how policy makers, practitioners and academics can benefit from the current study.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Al-Saih, Tareq Abdulhameed Manea
author_facet	Al-Saih, Tareq Abdulhameed Manea
author_sort	Al-Saih, Tareq Abdulhameed Manea
title	The effect of audit committee members expertise on internal audit budget: evidence from Malaysia
title_short	The effect of audit committee members expertise on internal audit budget: evidence from Malaysia
title_full	The effect of audit committee members expertise on internal audit budget: evidence from Malaysia
title_fullStr	The effect of audit committee members expertise on internal audit budget: evidence from Malaysia
title_full_unstemmed	The effect of audit committee members expertise on internal audit budget: evidence from Malaysia
title_sort	effect of audit committee members expertise on internal audit budget: evidence from malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2018
url	https://etd.uum.edu.my/8212/1/Depositpermission_s822857.pdf https://etd.uum.edu.my/8212/2/s822857_01.pdf https://etd.uum.edu.my/8212/3/s822857_references.docx
_version_	1747828352278855680

The effect of audit committee members expertise on internal audit budget: evidence from Malaysia

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