Corporate governance and risk-based auditing: The Malaysian evidences
Business globalization, advancement in technology and demands for value added services has recognized the importance of risk based internal auditing approach. This paper examines from agency perspective how internal audit experience, audit committee attributes, risk management and internal control s...
| Main Authors: | , , |
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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
2011
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/26631/ http://irep.iium.edu.my/26631/2/9th_AAM_2011_CG_and_RBA_Malaysian_Evidences-1.pdf |
| _version_ | 1848779677141827584 |
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| author | zainal abidin, nor hafizah haron, hasnah` shahbudin, amirul shah |
| author_facet | zainal abidin, nor hafizah haron, hasnah` shahbudin, amirul shah |
| author_sort | zainal abidin, nor hafizah |
| building | IIUM Repository |
| collection | Online Access |
| description | Business globalization, advancement in technology and demands for value added services has recognized the importance of risk based internal auditing approach. This paper examines from agency perspective how internal audit experience, audit committee attributes, risk management and internal control systems influence the implementation of risk based auditing. The study analysed data collected from 117 heads of internal audit function in public listed companies in Bursa Malaysia as at October 2010. Findings indicate that audit committee concerns and risk management system are found to be significantly and positively related to the implementation of risk based auditing. However, internal audit experience, audit committee qualification, and internal control system were found not to be significant predictors of the implementation of risk based auditing. This study provides empirical evidence to support the findings as suggested by previous qualitative studies. In addition, this paper enhanced the scope of implementation of risk based auditing procedures beyond the audit planning stage. |
| first_indexed | 2025-11-14T15:21:34Z |
| format | Proceeding Paper |
| id | iium-26631 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T15:21:34Z |
| publishDate | 2011 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-266312013-02-13T19:01:23Z http://irep.iium.edu.my/26631/ Corporate governance and risk-based auditing: The Malaysian evidences zainal abidin, nor hafizah haron, hasnah` shahbudin, amirul shah HF5001 Business. Business Administration HF5601 Accounting. Bookkeeping Business globalization, advancement in technology and demands for value added services has recognized the importance of risk based internal auditing approach. This paper examines from agency perspective how internal audit experience, audit committee attributes, risk management and internal control systems influence the implementation of risk based auditing. The study analysed data collected from 117 heads of internal audit function in public listed companies in Bursa Malaysia as at October 2010. Findings indicate that audit committee concerns and risk management system are found to be significantly and positively related to the implementation of risk based auditing. However, internal audit experience, audit committee qualification, and internal control system were found not to be significant predictors of the implementation of risk based auditing. This study provides empirical evidence to support the findings as suggested by previous qualitative studies. In addition, this paper enhanced the scope of implementation of risk based auditing procedures beyond the audit planning stage. 2011 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/26631/2/9th_AAM_2011_CG_and_RBA_Malaysian_Evidences-1.pdf zainal abidin, nor hafizah and haron, hasnah` and shahbudin, amirul shah (2011) Corporate governance and risk-based auditing: The Malaysian evidences. In: 9th Asian Academic of Management Conference, 14-16 October 2011, Penang Malaysia. |
| spellingShingle | HF5001 Business. Business Administration HF5601 Accounting. Bookkeeping zainal abidin, nor hafizah haron, hasnah` shahbudin, amirul shah Corporate governance and risk-based auditing: The Malaysian evidences |
| title | Corporate governance and risk-based auditing: The Malaysian evidences |
| title_full | Corporate governance and risk-based auditing: The Malaysian evidences |
| title_fullStr | Corporate governance and risk-based auditing: The Malaysian evidences |
| title_full_unstemmed | Corporate governance and risk-based auditing: The Malaysian evidences |
| title_short | Corporate governance and risk-based auditing: The Malaysian evidences |
| title_sort | corporate governance and risk-based auditing: the malaysian evidences |
| topic | HF5001 Business. Business Administration HF5601 Accounting. Bookkeeping |
| url | http://irep.iium.edu.my/26631/ http://irep.iium.edu.my/26631/2/9th_AAM_2011_CG_and_RBA_Malaysian_Evidences-1.pdf |