Audit Committee Activities and the Internal Control System of Commercial Banks operating in Yemen
This study primarily aims to investigate the impact of audit committee effectiveness on the internal control system of commercial banks through the use of four of its characteristics namely audit committee meetings, meeting frequency between audit committee and internal auditors, audit committee re...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2017-01-01
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| Series: | International Review of Management and Marketing |
| Online Access: | http://mail.econjournals.com/index.php/irmm/article/view/2899 |
| _version_ | 1797908202554130432 |
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| author | Yahya Ali AL-Matari Sulaiman Abdullah Saif Mohammed Ebrahim Mohammed Al-Matari |
| author_facet | Yahya Ali AL-Matari Sulaiman Abdullah Saif Mohammed Ebrahim Mohammed Al-Matari |
| author_sort | Yahya Ali AL-Matari |
| collection | DOAJ |
| description |
This study primarily aims to investigate the impact of audit committee effectiveness on the internal control system of commercial banks through the use of four of its characteristics namely audit committee meetings, meeting frequency between audit committee and internal auditors, audit committee reviews and internal audit proposals and lastly, audit committee reviews of the internal audit results. The study results were obtained by using data gathered from the Yemeni commercial banks through the questionnaire survey method. A total of 88 usable questionnaires out of 170 questionnaires distributed to 17 commercial banks were considered suitable for analysis. The results showed that the audit committee effectiveness, represented by meetings frequency between audit committee and internal auditors, audit committee reviews of the internal audit proposals, and audit reviews of the internal audit significantly related to the commercial banks performance. Literature regarding audit committee characteristics that are relevant to the present study was reviewed, and practical implications as well as recommendations for future studies were provided towards the end of the study.
Keywords: Corporate governance, internal audit, audit committee, internal control system, Yemen.
JEL Classifications: G34, M4
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| first_indexed | 2024-04-10T10:48:59Z |
| format | Article |
| id | doaj.art-7d758afe56fe4b1f9ef8f7fe9c7aad4f |
| institution | Directory Open Access Journal |
| issn | 2146-4405 |
| language | English |
| last_indexed | 2024-04-10T10:48:59Z |
| publishDate | 2017-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Review of Management and Marketing |
| spelling | doaj.art-7d758afe56fe4b1f9ef8f7fe9c7aad4f2023-02-15T16:20:13ZengEconJournalsInternational Review of Management and Marketing2146-44052017-01-0171Audit Committee Activities and the Internal Control System of Commercial Banks operating in YemenYahya Ali AL-Matari0Sulaiman Abdullah Saif Mohammed1Ebrahim Mohammed Al-Matari2School of Economics, Finance and Banking, College of Business (COB), Universiti Utara Malaysia (UUM), MalaysiaSchool of Economics, Finance and Banking, College of Business (COB), Universiti Utara Malaysia (UUM), MalaysiaTunku Intan Safinaz School of Accountancy (TISSA), College of Business (COB), Universiti Utara Malaysia (UUM), Malaysia, Amran University, Yamen This study primarily aims to investigate the impact of audit committee effectiveness on the internal control system of commercial banks through the use of four of its characteristics namely audit committee meetings, meeting frequency between audit committee and internal auditors, audit committee reviews and internal audit proposals and lastly, audit committee reviews of the internal audit results. The study results were obtained by using data gathered from the Yemeni commercial banks through the questionnaire survey method. A total of 88 usable questionnaires out of 170 questionnaires distributed to 17 commercial banks were considered suitable for analysis. The results showed that the audit committee effectiveness, represented by meetings frequency between audit committee and internal auditors, audit committee reviews of the internal audit proposals, and audit reviews of the internal audit significantly related to the commercial banks performance. Literature regarding audit committee characteristics that are relevant to the present study was reviewed, and practical implications as well as recommendations for future studies were provided towards the end of the study. Keywords: Corporate governance, internal audit, audit committee, internal control system, Yemen. JEL Classifications: G34, M4 http://mail.econjournals.com/index.php/irmm/article/view/2899 |
| spellingShingle | Yahya Ali AL-Matari Sulaiman Abdullah Saif Mohammed Ebrahim Mohammed Al-Matari Audit Committee Activities and the Internal Control System of Commercial Banks operating in Yemen International Review of Management and Marketing |
| title | Audit Committee Activities and the Internal Control System of Commercial Banks operating in Yemen |
| title_full | Audit Committee Activities and the Internal Control System of Commercial Banks operating in Yemen |
| title_fullStr | Audit Committee Activities and the Internal Control System of Commercial Banks operating in Yemen |
| title_full_unstemmed | Audit Committee Activities and the Internal Control System of Commercial Banks operating in Yemen |
| title_short | Audit Committee Activities and the Internal Control System of Commercial Banks operating in Yemen |
| title_sort | audit committee activities and the internal control system of commercial banks operating in yemen |
| url | http://mail.econjournals.com/index.php/irmm/article/view/2899 |
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