volume 31, issue 6/7, P629-654 2016
DOI: 10.1108/maj-05-2015-1193
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Ho-Young Lee, Hyun-Young Park

Abstract: Purpose Using 5,055 sample firm-years in Korea between 2009 and 2013, this paper aims to examine the association between the characteristics of the internal audit and the number of external audit hours as a proxy for audit efficiency. Design/methodology/approach This study is motivated by the International Standard on Auditing No. 610: “Using the work of internal auditors”. This auditing standard guides external auditors in using the work of internal auditors to obtain audit evidence and consult internal au…

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