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Protecting Existing and Prospective Investors and the Role of Internal Auditors

Ahmed, Md Shoaib and Shil, Shubhankar (2015) 'Protecting Existing and Prospective Investors and the Role of Internal Auditors.' OIDA International Journal on Sustainable Development, 08 (02). 135 - 152. ISSN 1923-6654

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Abstract

In this study we tried to explore the idea of the independence of internal audit committee, independence of finance and accounting departments and the corporate charter followed by the board of directors of an organization and how they protect existing and prospective investors. A multiple regression analysis and analysis of covariance (ancova) 2X2 have been used to analyze the data by using the R i386 2.1 5.1. A strong and positive relation has been found in this study with a highly correlated independent variable. It has been also found that 62% of the investors believed that internal auditors and finance and accounting executives are not independent at their work place. Surprisingly 89% felt that if internal audit committee and executives of finance and accounting departments work independently and effectively, then investors will be highly protected.

Item Type: Article
Uncontrolled Keywords: Internal auditors, audit committee, investors’ protection and corporate governance
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
Depositing User: Elements
Date Deposited: 05 Mar 2021 12:49
Last Modified: 05 Mar 2021 13:15
URI: http://repository.essex.ac.uk/id/eprint/29755

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