The Impact of Oversight Mechanisms on Their Interaction and its Relationship with Quality Internal Control System: The Case of Bursa Malaysia Composite Index Companies
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Date
2007-06
Authors
Nasar, Mohamed Farook
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Abstract
This research investigates the relationship of interaction between internal audit and audit
committee and quality internal control system of a company for Bursa Malaysia
Composite Index listed companies. Additionally, the research sets out to identify the
relationship between effective internal audit and audit committee with the interaction
between internal audit and audit committee. The companies used for the study which is
the Bursa Malaysia Composite Index Companies which by its virtue are the benchmark
companies in term of its size, growth and performance. The research used the secondary
data available in the 2006 Annual Report only so that it will provide the latest status of
the relationship with interaction of internal audit and audit committee. The Bursa
Malaysia Listing Requirement (2006) and International Standards for Professional
Practice of Internal Auditing (2006) are used for evaluating the variables. The results
show that there is a relationship between interaction between internal audit and audit
committee with quality internal control system. The result also found that there is a
relationship between effective internal audit and audit committee and interaction between
internal audit and audit committee.
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Keywords
The Impact of Oversight Mechanisms on Their Interaction and its Relationship with Quality Internal Control System , Bursa Malaysia