Internal audit function, audit committee effectiveness and accountability in the Ugandan statutory corporations
| Autor: | Stephen Korutaro Nkundabanyanga, Irene Nalukenge, Juma Bananuka, Twaha Kigongo Kaawaase |
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| Rok vydání: | 2018 |
| Předmět: |
business.industry
05 social sciences Economics Econometrics and Finance (miscellaneous) Multilevel model Audit committee Public sector Questionnaire Accounting Sampling error 050201 accounting Management Information Systems Internal audit Statutory law 0502 economics and business Accountability Business 050203 business & management |
| Zdroj: | Journal of Financial Reporting and Accounting. 16:138-157 |
| ISSN: | 1985-2517 |
| DOI: | 10.1108/jfra-07-2016-0062 |
| Popis: | Purpose The purpose of this study is to investigate the contribution of internal audit function and audit committee effectiveness on accountability in statutory corporations (SCs). Design/methodology/approach This study is cross sectional and correlational. Data have been collected through a questionnaire survey of 52 SCs in Uganda through their Chief Internal Auditors and Chief Finance Officers. Data have been analysed using Statistical Package for Social Sciences. Findings The internal audit function significantly contributes to accountability of SCs in Uganda and audit committee effectiveness is not where effective internal audit is present in such organisations. However, audit committee effectiveness significantly contributes to accountability when an internal audit function is not present. Research limitations/implications The use of hierarchical regression is prone to problems associated with sampling error. However, the likelihood of these problems is mitigated by the interface with data. Originality/value Whereas hitherto both internal audit function and audit committee effectiveness had been viewed as explanations of accountability, this study only confirms the internal audit function as a significant predictor of SCs’ accountability relative to audit committee effectiveness. |
| Databáze: | OpenAIRE |
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