The Effects of Internal Audit Report Disclosure on Investor Confidence and Investment Decisions

Holt, Travis P.; DeZoort, F. Todd

doi:10.1111/j.1099-1123.2008.00391.x

Cited by 65 publications

(49 citation statements)

References 67 publications

(104 reference statements)

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“…External stakeholders such as investors generally lack information related to the IAF. Survey and experimental research report that disclosure of information related to the IAF would increase stakeholder confidence in governance quality and potentially affect investment decisions (Archambeault et al 2008;Holt and DeZoort 2009). I find that IAF quality is negatively associated with accounting-related management misconduct even after controlling for observable predictors of accountingrelated management misconduct (see Dechow et al 2011).…”

Section: Using Proprietary Internal Audit Survey Data From the Institmentioning

confidence: 88%

“…Interviewees in Archambeault et al (2008) state that a report on internal audit would not only be useful to various stakeholders, but could also increase IAF accountability and incentives to perform effectively. Holt and DeZoort (2009) found that participants in their experiment were more confident in financial reporting reliability and perceived the oversight of financial reporting to be more effective when provided with an internal audit report. for empirical tests I convert the estimated F-score to a probability using the following formula: exp(F-score) / (1 + exp(F-score)).…”

Section: Predicting Accounting-related Management Misconductmentioning

confidence: 90%

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Does Internal Audit Function Quality Deter Management Misconduct?

Ege

2014

The Accounting Review

163

109

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Standard-setters believe high-quality internal audit functions (IAFs) serve as a key resource to audit committees for monitoring senior management. However, regulators do not enforce IAF quality or require disclosures relating to IAF quality, which is in stark contrast to regulatory requirements placed on boards, audit committees, and external auditors. Using proprietary data, I find that a composite measure of IAF quality is negatively associated with the likelihood of management misconduct even after controlling for board, audit committee, and external auditor quality. This result is robust to a variety of other specifications, including controlling for internal control quality and separate estimation during the pre- and post-SOX time periods. A difference-in-differences analysis indicates that misconduct firms have low IAF quality and competence during misconduct years and improve IAF quality and competence in the post-misconduct years. These findings suggest that regulators, audit committees, and other stakeholders should consider ways to improve IAF quality.

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Section: Using Proprietary Internal Audit Survey Data From the Institmentioning

confidence: 88%

Section: Predicting Accounting-related Management Misconductmentioning

confidence: 90%

Does Internal Audit Function Quality Deter Management Misconduct?

Ege

2014

The Accounting Review

163

109

View full text Add to dashboard Cite

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“…Les relations entre l'audit interne et le comité d'audit L'audit interne est l'un des pivots de la gouvernance des organisations (Archambeault, DeZoort et Holt, 2008 ;Gramling et autres, 2004 ;Holt et DeZoort, 2009 ;Mat Zain et Subramaniam, 2007 ;Prawitt, Smith et Wood, 2009 ;Rezaee, 2005). Ce point de vue est partagé par les directeurs de la fonction d'audit interne qui se considèrent comme faisant partie intégrante de la gouvernance (Buranby et Hass, 2009, p. 822).…”

Section: Les Relations Entre L'audit Interne Et Le Comité D'audit Et unclassified

Comment apprécier la compétence d’un auditeur interne ? L’opinion des membres du comité d’audit

Roussy

2013

telescope

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This article strives to identify how the members of an audit committee assess the competency of an internal auditor in the context of Quebec's public sector. As part of this research, individual interviews were conducted with 14 members of audit committees. The findings show that committee members seek particular values in internal auditors before deeming them to be competent. These results are useful and original, as they bring out values other than traditional "independence" and do not emphasize the competency criteria that are highlighted in existing publications. This article contributes to the literature concerning relations between internal auditor and the audit committee, for it examines their expectations toward one another.Pour citer cet article : Roussy, M. (2012). « Comment apprécier la compétence d'un auditeur interne ? L'opinion des membres du comité d 'audit », Télescope, vol. 18, n° 3,

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“…Previous studies on IA in the developed world show that it has been firmly entrenched as a contemporary corporate governance mechanism (Eulerich, Theis, Velte & Stiglbauer, 2013;Soh & Martinov-Bennie, 2011;Holt & De Zoort, 2009;Sarens & De Beelde, 2006;Carcello et al, 2005;Gramling, Maletta, Schneider & Church, 2004). However, this is not always the case in developing countries because corporate governance mechanisms, including IA, are mostly still in a process of developing (Li, Park & Bao, 2014;Al-Matari, Al-Swidi & Fadzil, 2014;Sarens & Abdolmohammadi, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

Convergence towards internal audit effectiveness in the BRICS Countries

Barac

Coetzee

Staden

2017

J. econ. financ. sci.

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Internal auditing has been called upon to enhance its value proposition for organisations and one way of doing this is to demonstrate its effectiveness. By using the responses of participants from the BRICS countries on the 2010 global Common Body of Knowledge survey of the Institute of Internal Auditors in conjunction with the elements of the Internal Audit Capability Model this study examines the convergence towards internal audit effectiveness by the BRICS countries. The study uses a neoinstitutional perspective to demonstrate how internal auditing in the BRICS countries has responded to coercive, normative and mimetic pressures to demonstrate effectiveness. The study shows that coercive pressures for internal auditing exist in all the BRICS countries, but owing to the voluntary internal audit structure in Russia, such pressure appears to be lower in that country. Using professionalism to demonstrate normative pressures, the emphasis on internal audit in the King III report of South Africa was evident. The results of this study seem to indicate that South Africa has responded more to mimetic pressures in relation to people management, professional practices and organisational relationships than other BRICS countries.

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The Effects of Internal Audit Report Disclosure on Investor Confidence and Investment Decisions

Cited by 65 publications

References 67 publications

Does Internal Audit Function Quality Deter Management Misconduct?

Does Internal Audit Function Quality Deter Management Misconduct?

Comment apprécier la compétence d’un auditeur interne ? L’opinion des membres du comité d’audit

Convergence towards internal audit effectiveness in the BRICS Countries

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