We investigate the relationship of audit fees, outside directors and firms’ ownership, marketing and asset structures as alternative (external versus internal) monitoring mechanisms that can be used to control incentive conflicts in costly contracting environments, by exploiting variation in ownership within the Australian and UK life insurance industries. In mutuals, ownership rights are not t...

Section 404 of the Sarbanes-Oxley Act of 2002 (SOX) requires that companies subject to the Securities and Exchange Act of 1934 include in their annual reports a report of management on the company's internal control over fmancial reporting. This must contain management's assessment and a statement of the effectiveness of the controls. Almost no guidance, however, has been provided on how to eva...

We analyze the potential benefits that firms can realize from implementing technology specifically aimed at monitoring the effectiveness of their internal control systems. The Committee of Sponsoring Organizations of the Treadway Commission asserts that effective internal control monitoring should enhance the efficiency of internal control processes, and in turn, the assurance over such process...

Internal auditing is a collection of activities performed to bring value corporate operations. It critical for organizations have effective and efficient internal control in order continue their operations compete with rivals. The management the firms also responsible implementation monitoring audit Therefore, top must be thorough open approach audits. As result, efforts are businesses. 
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High-quality internal audit is expected to lead to high-quality financial reporting. High-quality financial reporting expresses itself in earning quality. Earning quality has been playing a key role in capital market for a long time. Finance users pay special attention to earning quality because they make their decision based on it. On the other hand, the market economy will experience awful, i...