Internal audit function attributes and financial reporting quality: the Nigerian case

Financial reporting quality depends on its relevance, faithful representation, comparability, understandability and verifiability that could guide investors make informed decisions. The objective of this study is to examine the effect of internal audit function attributes on financial reporting qual...

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Main Author:	Madawaki, Abdulkadir
Format:	Thesis
Language:	eng eng eng eng
Published:	2020
Subjects:	HF5667 Professional Ethics Auditors. HG Finance
Online Access:	https://etd.uum.edu.my/9209/1/s901928_01.pdf https://etd.uum.edu.my/9209/2/s901928_02.pdf https://etd.uum.edu.my/9209/3/s901928_references.docx https://etd.uum.edu.my/9209/5/depositpermission_s909928-Abdulkadir%20Madawaki.pdf
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id	my-uum-etd.9209
record_format	uketd_dc
spelling	my-uum-etd.92092022-04-24T01:10:26Z Internal audit function attributes and financial reporting quality: the Nigerian case 2020 Madawaki, Abdulkadir Ahmi, Aidi Ahmad, Nasibah @ Halimah Tunku Puteri Intan Safinaz School of Accountancy (TISSA) Tunku Puteri Intan Safinaz School of Accountancy (TISSA) HF5667 Professional Ethics. Auditors. HG Finance Financial reporting quality depends on its relevance, faithful representation, comparability, understandability and verifiability that could guide investors make informed decisions. The objective of this study is to examine the effect of internal audit function attributes on financial reporting quality. The study also examined the moderating effect of audit committee interaction, senior management support, and information technology usage on the relationship between internal audit function attributes and financial reporting quality in Nigerian listed organizations. Using survey and purposive sampling, 97 usable questionnaires have been obtained from the head of internal audit functions. The data analysis was conducted using PLS-SEM 3.2.6. The findings reveal evidence of the significant relationships between internal audit work, risk-based audit, internal control activities, coordination between internalexternal auditors and financial reporting quality. This study also discloses that senior management support and information technology usage significantly moderate the relationships between internal audit function attributes and financial reporting quality. The study contributes to the literature on how the internal audit function attributes impact the financial reporting quality, particularly in the Nigerian context, where there are scant similar studies. From another perspective, this study also contributes to the literature on how to test the complex model with three moderators which is a very uncommon practice in the available literature. The study suggests that the internal audit development policymakers and board of directors of Nigerian listed organizations can improve the internal audit function practices that will nurture financial reporting quality. Both policymakers and the board of directors should ensure adequate structures that will strengthen the organisational status of the internal auditors to perform towards improving financial reporting quality and minimising opportunistic management actions. 2020 Thesis https://etd.uum.edu.my/9209/ https://etd.uum.edu.my/9209/1/s901928_01.pdf text eng public https://etd.uum.edu.my/9209/2/s901928_02.pdf text eng public https://etd.uum.edu.my/9209/3/s901928_references.docx text eng public https://etd.uum.edu.my/9209/5/depositpermission_s909928-Abdulkadir%20Madawaki.pdf text eng staffonly other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng eng
advisor	Ahmi, Aidi Ahmad, Nasibah @ Halimah
topic	HF5667 Professional Ethics Auditors. HG Finance
spellingShingle	HF5667 Professional Ethics Auditors. HG Finance Madawaki, Abdulkadir Internal audit function attributes and financial reporting quality: the Nigerian case
description	Financial reporting quality depends on its relevance, faithful representation, comparability, understandability and verifiability that could guide investors make informed decisions. The objective of this study is to examine the effect of internal audit function attributes on financial reporting quality. The study also examined the moderating effect of audit committee interaction, senior management support, and information technology usage on the relationship between internal audit function attributes and financial reporting quality in Nigerian listed organizations. Using survey and purposive sampling, 97 usable questionnaires have been obtained from the head of internal audit functions. The data analysis was conducted using PLS-SEM 3.2.6. The findings reveal evidence of the significant relationships between internal audit work, risk-based audit, internal control activities, coordination between internalexternal auditors and financial reporting quality. This study also discloses that senior management support and information technology usage significantly moderate the relationships between internal audit function attributes and financial reporting quality. The study contributes to the literature on how the internal audit function attributes impact the financial reporting quality, particularly in the Nigerian context, where there are scant similar studies. From another perspective, this study also contributes to the literature on how to test the complex model with three moderators which is a very uncommon practice in the available literature. The study suggests that the internal audit development policymakers and board of directors of Nigerian listed organizations can improve the internal audit function practices that will nurture financial reporting quality. Both policymakers and the board of directors should ensure adequate structures that will strengthen the organisational status of the internal auditors to perform towards improving financial reporting quality and minimising opportunistic management actions.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Madawaki, Abdulkadir
author_facet	Madawaki, Abdulkadir
author_sort	Madawaki, Abdulkadir
title	Internal audit function attributes and financial reporting quality: the Nigerian case
title_short	Internal audit function attributes and financial reporting quality: the Nigerian case
title_full	Internal audit function attributes and financial reporting quality: the Nigerian case
title_fullStr	Internal audit function attributes and financial reporting quality: the Nigerian case
title_full_unstemmed	Internal audit function attributes and financial reporting quality: the Nigerian case
title_sort	internal audit function attributes and financial reporting quality: the nigerian case
granting_institution	Universiti Utara Malaysia
granting_department	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate	2020
url	https://etd.uum.edu.my/9209/1/s901928_01.pdf https://etd.uum.edu.my/9209/2/s901928_02.pdf https://etd.uum.edu.my/9209/3/s901928_references.docx https://etd.uum.edu.my/9209/5/depositpermission_s909928-Abdulkadir%20Madawaki.pdf
_version_	1747828547149365248

Internal audit function attributes and financial reporting quality: the Nigerian case

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