Improving Audit Committee Performance in the Middle East: Do Egyptian Audit Profession Norms Support International Standards?

Bremer, Jennifer; Hegazy, Mohamed & Sabri, Auday. (2011) Improving audit committee in the Middle East: Do Egyptian audit profession norms support international standards? International Journal of Business Governance and Ethics, 6(3), 225-248

24 Pages Posted: 18 Jun 2014

See all articles by Jennifer Ann Bremer

Jennifer Ann Bremer

American University in Cairo - Jameel Management Center

Mohamed A. Hegazy

Department of Accounting, The American University in Cairo

Auday Sabri

United Nations Development Programme Regional Bureau for Africa

Date Written: September 7, 2011

Abstract

Audit committee effectiveness is shaped by formal institutional frameworks but mediated by audit profession norms. Through normative isomorphism, these values may paly a greater role in the Middle East, where formal codes and enforcement lag global practice.This research examines whether Egyptian professional norms support global audit committee standards by surveying professional auditors' support for amendments to the current code of corporate governance to align it with Us and UK codes and regulations. Senior audit experts strongly endorsed proposed reforms, confirming that professional norms can supplement weak governmental oversight to support compliance.

Keywords: audit committee; governance code; audit standards; Egypt; Middle East; corporate governance; professional norms; normative isomorphism

JEL Classification: M41

Suggested Citation

Bremer, Jennifer Ann and Hegazy, Mohamed A. and Sabri, Auday, Improving Audit Committee Performance in the Middle East: Do Egyptian Audit Profession Norms Support International Standards? (September 7, 2011). Bremer, Jennifer; Hegazy, Mohamed & Sabri, Auday. (2011) Improving audit committee in the Middle East: Do Egyptian audit profession norms support international standards? International Journal of Business Governance and Ethics, 6(3), 225-248. Available at SSRN: https://ssrn.com/abstract=2450688

Jennifer Ann Bremer

American University in Cairo - Jameel Management Center ( email )

113 Kasr El Aini St., P.O. Box 2511
Cairo 11511
Egypt

Mohamed A. Hegazy (Contact Author)

Department of Accounting, The American University in Cairo ( email )

6 Boulos Hanna Street
Dokki
Cairo
Egypt
0020101699301 (Phone)
0020237600215 (Fax)

Auday Sabri

United Nations Development Programme Regional Bureau for Africa ( email )

One United Nations Plaza
New York, NY 10017
United States

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