IDEAS home Printed from https://ideas.repec.org/a/ids/ijcgov/v5y2014i1-2p103-117.html
   My bibliography  Save this article

Effect of internal audit function on corporate governance quality: evidence from Lebanon

Author

Listed:
  • Abdul-Nasser El-Kassar
  • Walid Elgammal
  • Mirna M. Bayoud

Abstract

The internal audit function is a compliance mechanism that promotes good corporate governance. Recent studies detected a need to improve corporate governance structures in developing countries. This study evaluates the effects of the internal audit function on the quality of corporate governance in the context of multinational corporations operating in Lebanon. The results revealed that the quality of internal audit function significantly affects corporate governance, particularly on its audit committee and management aspects. Moreover, the results showed that maintaining a high level of independence and expertise in the audit department can have a great influence on the overall quality of corporate governance, as well as on the effectiveness of both the audit committee and management. The results also indicated that the reliability of the internal audit significantly influences the management characteristic of corporate governance. In contrast, the board of directors and external auditors are less influenced by the internal audit.

Suggested Citation

  • Abdul-Nasser El-Kassar & Walid Elgammal & Mirna M. Bayoud, 2014. "Effect of internal audit function on corporate governance quality: evidence from Lebanon," International Journal of Corporate Governance, Inderscience Enterprises Ltd, vol. 5(1/2), pages 103-117.
    • Handle: RePEc:ids:ijcgov:v:5:y:2014:i:1/2:p:103-117
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=62349
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. A. Tafuro & A. Costa & A. Fanelli & А. Тафуро & А. Коста & А. Фанелли, 2016. "Организационные аспекты внутреннего аудита в итальянских корпоративных группах // Organizational aspects of the internal audit of Italian corporate groups," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 4(3), pages 68-90.
    2. O. L. Kuye & A. A. Sulaimon & Joyce M. Odiachi, 2020. "Corporate Governance Code: The Application and Effect on Sustainability of Selected Insurance Companies in Nigeria," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(1), pages 22-30, March.
    3. Saddam A. Hazaea & Ebrahim Mohammed Al-Matari & Adam Mohamed Omer & Najib H. S. Farhan & Jinyu Zhu, 2024. "The impact of internal audit system on performance: evidence from emerging markets," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.
    4. Al-Akra, Mahmoud & Abdel-Qader, Waleed & Billah, Mamun, 2016. "Internal auditing in the Middle East and North Africa: A literature review," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 26(C), pages 13-27.
    5. Walid El Gammal & Noura Yassine & Khodr Fakih & Abdul-Nasser El-Kassar, 2020. "The relationship between CSR and corporate governance moderated by performance and board of directors’ characteristics," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 24(2), pages 411-430, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijcgov:v:5:y:2014:i:1/2:p:103-117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=260 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.