The Effectiveness of the Internal Auditor in Malaysian Listed Firms
Akauntan Nasional: Journal of Malaysian Institute of Accountants, Vol. 14, No. 9, pp. 30-33, 2001
Posted: 3 Nov 2004
The objective of this study is to ascertain the factors contributing towards the effectiveness of an internal audit function of Malaysian listed firms. This information is important in improving the quality of internal audit function. Identifying factors that enhance internal auditor effectiveness is crucial to promote better corporate governance and corporate financial reporting procedures. The findings from this study suggest that interpersonal skills, internal auditor's commitment and support from audit committee and BOD, audit performance and integrity, audit department efficiency, auditing competencies, internal auditor's knowledge on company's business operation and industry, and auditor's independence as important attributes of a quality internal audit function. The identified factors that are perceived as important for effective internal audit function will help the internal audit department to evaluate and revise the current procedures to improve the overall quality of internal audit.
Keywords: Internal Audit, Effectiveness, Corporate Governance, Independence, Quality
JEL Classification: M41
Suggested Citation: Suggested Citation