Internal audit functions of organizations are regarded as crucial components of the combined assurance model, alongside the audit committee, management and external auditors. In this regard, internal audit plays a crucial role, insofar as it consists of experts in risk, governance and control...

Internal audit functions of organizations are regarded as crucial components of the combined assurance model, alongside the audit committee, management and external auditors. In this regard, internal audit plays a crucial role, insofar as it consists of experts in risk, governance and control...

This work aims to map and analyze the measures adopted by Brazilian internal control agencies at the state and federal levels, based on a classification of innovation in the public sector adopted by the OECD, having as a reference the relationship between accountability and the macro-functions...

Internal audit is fundamental in maintaining transparency in the dissemination of information about a company’s financial position and performance. In this respect, the quality of internal audit is essential for effective corporate governance. We construct a composite measure of the quality of...

In light of recent corporate scandals, numerous proposals have been introduced for reforming corporate governance. This paper provides a theoretical framework through which to evaluate these reforms. Unlike various ad hoc arguments, this framework recognizes that governance structures arise...

This paper investigates Securities and Exchange Commission (SEC) deregistrations by foreign firms from the time the Sarbanes-Oxley Act (SOX) was passed in 2002 through 2008. We test two theories, the bonding theory and the loss of competitiveness theory, to understand why foreign firms leave...

Ever since Sarbanes-Oxley, a growing body of research has focused on the roles played by the audit committee. However, few theoretical studies exist to guide this research. In this study, we focus on the audit committee’s role in overseeing internal controls and the impact of whether or not...

Using a sample of bank-years from 2005 to 2017, we examine the effect of internal control quality on future risk-taking and performance. We find that banks that disclose a material weakness in internal controls have higher risk-taking and worse performance in the future, including having a...

I investigate how auditors integrate information technology (IT) specialist input into internal control over financial reporting (ICFR) issue classifications. Given the ill-structured nature of evaluating ICFR issues and the impact of these issues on audit quality, combining knowledge from...