Audit Committees and Risk Management Crucial for Effective Corporate Governance
The article explores how certain factors influence the use of risk-based auditing in Malaysian companies. They looked at data from 117 internal audit heads in public listed companies. The study found that audit committee concerns and risk management systems positively impact the use of risk-based auditing. However, internal audit experience, audit committee qualifications, and internal control systems did not have a significant effect. This research supports previous studies and expands the use of risk-based auditing procedures.