Audit Committee Interaction with the Internal Audit Function: Evidence from Tunisia

22 Pages Posted: 9 Feb 2013

See all articles by Adel Boubaker

Adel Boubaker

University of Tunis - Faculty of Economic Sciences and Management (FSEG Tunis)

Maissa Taher

University of Tunis - Faculty of Economic Sciences and Management (ESSEC)

Date Written: February 7, 2013

Abstract

The role of the audit committee and the internal audit function in corporate governance has grown in recent years. In that context, the audit literature and practice has underlined the increasingly important role of support and interaction between the audit committee and the internal audit with the aim to improve the corporate governance quality.

The purpose of this paper is to examine the relationship between the audit committee and the internal audit function as well as the impact of audit committee characteristics on this relationship in the Tunisian context.

Data were collected by means of a questionnaire addressed to chief internal auditors of 50 Tunisian firms. The regression results suggest that the expertise and frequency of meetings of the audit committee have a positive impact on audit committee interaction with internal audit, while the size of the audit committee affects negatively this interaction. However, audit committee independence has no effect on audit committee relation with the internal audit function

Keywords: audit committee, internal audit, interaction, corporate governance

JEL Classification: G30, G38, M40, M42

Suggested Citation

Boubaker, Adel and Taher, Maissa, Audit Committee Interaction with the Internal Audit Function: Evidence from Tunisia (February 7, 2013). Available at SSRN: https://ssrn.com/abstract=2213533 or http://dx.doi.org/10.2139/ssrn.2213533

Adel Boubaker (Contact Author)

University of Tunis - Faculty of Economic Sciences and Management (FSEG Tunis) ( email )

Campus Universitaire
Ennasr 2, Ariana 2037
Tunisia
+21698430378 (Phone)

Maissa Taher

University of Tunis - Faculty of Economic Sciences and Management (ESSEC) ( email )

B P 477
Le Bardo 2000
Le Bardo, TN Tunis 2000
Tunisia

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