Business, Management and Accounting
5 years ago

Audit Committee Oversight Boosts Fraud Detection, Safeguarding Businesses and Investors

1 view
International Journal of Engineering & Technology
The Effects of Interaction between Internal Auditor and Audit Committee on Fraud Detection in Malaysia
Sunita Lylia Hamdan, Nahariah Jaffar, Ruzanna Ab Razak

Paper Summary

The study looked at how the interaction between internal auditors and audit committees in Malaysia affects fraud detection. They focused on two main interactions: audit committees approving chief audit executives and reviewing internal auditors' work. Survey questionnaires were sent to internal auditors in 782 companies listed on Bursa Malaysia. The results showed that when audit committees are involved in reviewing internal auditors' work, it significantly improves fraud detection, but their approval of chief audit executives doesn't have much impact.

Related papers

Business, Management and Accounting
6 years ago

Internal Audits Boost Corporate Governance and Reduce External Audit Costs

Earnings Management
Corporate Governance
Risk Management
3 views
Business, Management and Accounting
8 years ago

Audit Committees and CPAs Fail to Curb Corporate Fraud, Internal Audits Needed for Transparency

Earnings Management
3 views
Business, Management and Accounting
8 years ago

Integrated audits save companies millions, but quality remains unchanged

Earnings Management
Risk Management
3 views