9,123
Views
17
CrossRef citations to date
0
Altmetric
Research Article

Independent audit committee, risk management committee, and audit fees

, , & ORCID Icon | (Reviewing editor)
Article: 1707042 | Received 23 Nov 2019, Accepted 16 Dec 2019, Published online: 26 Dec 2019

References

  • Abbott, L. J., Parker, S., Peters, G. F., & Raghunandan, K. (2003). The association between audit committee characteristics and audit fees. Auditing: A Journal of Practice & Theory, 22(2), 17–15. doi:10.2308/aud.2003.22.2.17
  • Abdullah, M., & Shukor, Z. A. (2017, December). The comparative moderating effect of risk management committee and audit committee on the association between voluntary risk management disclosure and firm performance. Jurnal Pengurusan, 51, 159–172. doi:10.17576/pengurusan
  • Abdullah, M., Shukor, Z. A., & Rahmat, M. M. (2017, December). The influences of risk management committee and audit committee towards voluntary risk management disclosure. Jurnal Pengurusan, 50, 83–95. doi:10.17576/pengurusan-2017-50-08
  • Abdullah, W. N., & Said, R. (2019). Audit and risk committee in financial crime prevention. Journal of Financial Crime, 26(1), 223–234. doi:10.1108/JFC-11-2017-0116
  • Aebi, V., Sabato, G., & Schmid, M. (2012). Risk management, corporate governance, and bank performance in the financial crisis. Journal of Banking & Finance, 36(12), 3213–3226. doi:10.1016/j.jbankfin.2011.10.020
  • Ahmed, M. I., & Che-Ahmad, A. (2016). Effects of corporate governance characteristics on audit report lags. International Journal of Economics and Financial Issues, 6(7 Special Issue), 159–164.
  • Ali, M. M., Besar, S. S. N. T., & Mastuki, N. M. (2017). Audit committee characteristics, risk management committee and financial restatements. Advanced Science Letters, 23(1), 287–291. doi:10.1166/asl.2017.7160
  • Badertscher, B., Jorgensen, B., Katz, S., & Kinney, W. (2014). Public equity and audit pricing in the United States. Journal of Accounting Research, 52(2), 303–339. doi:10.1111/1475-679X.12041
  • Bakalikwira, L., Bananuka, J., Kaawaase Kigongo, T., Musimenta, D., & Mukyala, V. (2017). Accountability in the public health care systems: A developing economy perspective. Cogent Business & Management, 4, 1. doi:10.1080/23311975.2017.1334995
  • Baxter, R., Bedard, J. C., Hoitash, R., & Yezegel, A. (2013). Enterprise risk management program quality: Determinants, value relevance, and the financial crisis. Contemporary Accounting Research, 30(4), 1264–1295. doi:10.1111/j.1911-3846.2012.01194.x
  • Beasley, M. S. (2010). Board and audit committee involvement in risk management oversight. Retreived from: https://www.aicpa.org/ForThePublic/AuditCommitteeEffectiveness/AuditCommitteeBrief/DownloadableDocuments/board%20and%20audit%20com%20role%20in%20risk%20oversight.pdf.
  • Beasley, M. S., Carcello, J. V., Hermanson, D. R., & Neal, T. L. (2009). The audit committee oversight process. Contemporary Accounting Research, 26(1), 65–122. doi:10.1506/car.26.1.3
  • Birkett, B. S. (1986). The recent history of corporate audit committees. The Accounting Historians Journal, 13(2), 109–124.
  • Bliss, M. A., Gul, F. A., & Majid, A. (2011). Do political connections affect the role of independent audit committees and CEO duality? Some evidence from Malaysian audit pricing. Journal of Contemporary Accounting and Economics, 7(2), 82–98. doi:10.1016/j.jcae.2011.10.002
  • Bronson, S. N., Carcello, J. V., Hollingsworth, C. W., & Neal, T. L. (2009). Are fully independent audit committees really necessary? Journal of Accounting and Public Policy, 28(4), 265–280. doi:10.1016/j.jaccpubpol.2009.06.001
  • Brown, I., Steen, A., & Foreman, J. (2009). Risk management in corporate governance: A review and proposal. Corporate Governance: An International Review, 17(5), 546–558. doi:10.1111/j.1467-8683.2009.00763.x
  • Buckby, S., Gallery, G., & Ma, J. (2015). An analysis of risk management disclosures: Australian evidence. Managerial Auditing Journal, 30(8–9), 812–869. doi:10.1108/MAJ-09-2013-0934
  • Carcello, J. V., Hermanson, D. R., Neal, T. L., & Riley JR., R. A., Jr. (2002). Board characteristics and audit fees. Contemporary Accounting Research, 19(3), 365–384. doi:10.1506/CHWK-GMQ0-MLKE-K03V
  • Carcello, J. V., & Nagy, A. L. (2004). Audit firm tenure and fraudulent financial reporting. Auditing: A Journal of Practice and Theory, 23(2), 55–69. doi:10.2308/aud.2004.23.2.55
  • Carcello, J. V., & Neal, T. L. (2003). Audit committee characteristics and auditor dismissals following “new” going‐concern reports. The Accounting Review, 78(1), 95–117. doi:10.2308/accr.2003.78.1.95
  • Chan, A., & Sun, J. (2012, April). Independent audit committee members ’ board tenure and audit fees scholarship at UWindsor independent audit committee members ’ board tenure and audit fees. Odette School of Business Publications, 53, 1129–1147.
  • Choi, I. (2013). When do companies need a board- level risk management committee? Global Corporate Governance Forum Publication. Washington DC: World Bank. Retreived from http://documents.worldbank.org/curated/en/391041468155732466/When-do-companies-need-aboard-level-risk-management-committee.
  • Cohen, J., Krishnamoorthy, G., & Wright, A. M. (2002). Corporate governance and the audit process. Contemporary Accounting Research, 19(4), 573–594. doi:10.1506/983M-EPXG-4Y0R-J9YK
  • Cummins, J. D., Dionne, G., Gagné, R., & Nouira, A. H. (2009). Efficiency of insurance firms with endogenous risk management and financial intermediation activities. Journal of Productivity Analysis, 32(2), 145–159. doi:10.1007/s11123-009-0131-0
  • DeFond, M., & Francis, J. (2005). AUDITING: A journal of practice & theory. Audit Research after Sarbanes-Oxley, 24(s–1), 5–30. doi:10.2308/aud.2005.24.s-1.5
  • Deloitte. (2011). Global risk management survey, seventh edition navigating in a changed world. Retreived from https://www.iia.nl/SiteFiles/Global%20Risk%20Management%20Survey-7.pdf.
  • Deloitte. (2014). Risk Committee Resource Guide. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/za/Documents/governance-risk-compliance/ZA_RiskCommitteeResourceGuideOnline2014_22052014.pdf
  • Duellman, S., Hurwitz, H., & Sun, Y. (2015). Managerial overconfidence and audit fees. Journal of Contemporary Accounting & Economics, 11, 148–165. doi:10.1016/j.jcae.2015.05.001
  • Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. Journal of Laws and Economics, 26(2), 301–325. doi:10.1086/467037
  • Fraser, I., & Henry, W. (2007). Embedding risk management: Structures and approaches. Managerial Auditing Journal, 22(4), 392–409. doi:10.1108/02686900710741955
  • FRC. (2011). Boards and risk: A summary of discussions with firms, investors and advisors. London. Retreived from https://www.frc.org.uk/getattachment/b88db2b6-af08-4a0e-9755-ab92de1268c2/Boards-and-Risk-final-Sept-2011.pdf.
  • Hay, D., Knechel, W. R., & Ling, H. (2008). Evidence on the impact of internal control and corporate governance on audit fees. International Journal of Auditing, 24, 9–24. doi:10.1111/j.1099-1123.2008.00367.x
  • Hines, C., Masli, A., Mauldin, E. G., & Peters, G. F. (2015). Board risk committees and audit pricing. Auditing: A Journal of Practice & Theory, 34(4), 59–84. doi:10.2308/ajpt-51035
  • Hines, C. S., & Peters, G. F. (2015). Voluntary risk management committee formation: Determinants and short-term outcomes. Journal of Accounting and Public Policy, 34(3), 267–290. doi:10.1016/j.jaccpubpol.2015.02.001
  • Ishak, S., & Nor, M. (2017). The relationship between board of directors and risk management committee in Malaysia. International Journal of Economic Research, 14(10), 77–87.
  • Jizi, M., & Nehme, R. (2018). Board monitoring and audit fees: The moderating role of CEO/chair dual roles. Managerial Auditing Journal, 33(2), 217–243. doi:10.1108/MAJ-10-2016-1464
  • Karim, K., Robin, A., & Suh, S. (2016). Board structure and audit committee monitoring: Effects of audit committee monitoring incentives and board entrenchment on audit fees. Journal of Accounting, Auditing & Finance, 31, 249–276. doi:10.1177/0148558X15583412
  • Keane, M. J., Elder, R. J., & Albring, S. M. (2012). The effect of the type and number of internal control weaknesses and their remediation on audit fees. Review of Accounting and Finance, 11(4), 377–399. doi:10.1108/14757701211279178
  • Khan, A. W., & Subhan, Q. A. (2019). Impact of board diversity and audit on firm performance. Cogent Business & Management, 6, 1. doi:10.1080/23311975.2019.1611719
  • Klein, A. (2002). Audit committee, board of director characteristics, and earnings management. Journal of Accounting and Economics, 33(3), 375–400. doi:10.1016/S0165-4101(02)00059-9
  • Knechel, W. R., & Willekens, M. (2006). The role of risk management and governance in determining audit demand. Journal of Business Finance and Accounting, 33(9–10), 1344–1367. doi:10.1111/j.1468-5957.2006.01238.x
  • KNKG. (2006). General Guidance on Good Corporate Guidance in Indonesia. Jakarta: Komite Nasional Kebijakan Governance (In bahasa).
  • KNKG. (2012). Guidance on Governance Based Risk Management Practice. Jakarta: Komite Nasional Kebijakan Governance (In bahasa).
  • Luqman, R., Ul Hassan, M., Tabasum, S., Khakwani, M. S., & Irshad, S. (2018). Probability of financial distress and proposed adoption of corporate governance structures: Evidence from Pakistan. Cogent Business & Management, 5(1). doi:10.1080/23311975.2018.1492869
  • Mat Zain, M., Wahab, E. A. A., & Foo, Y. B. (2010). Audit quality: Do the audit committee and internal audit arrangements matters? Corporate Ownership and Control, 8(1), 333–345. doi:10.22495/cocv8i1c3p1
  • Moore, M., & Brauneis, M. (2008). U.S. subprime crisis: Risk management’s next steps. Bank Accounting and Finance, 21(3), 18–48.
  • Nahar, S., Jubb, C., & Azim, M. I. (2016). Risk governance and performance: A developing country perspective. Managerial Auditing Journal, 31(3), 250–268. doi:10.1108/MAJ-02-2015-1158
  • Petersen, M. A. (2009). Estimating standard errors in finance panel data sets: Comparing approaches. The Review of Financial Studies, 22(1), 435–480. Retrieved from http://www.jstor.org/stable/40056916
  • Schlich, B., & Prybylski., H. (2009). Crisis changes view of risk management. Bank Accounting and Finance, 22(5), 48–51.
  • Siagian, F. T., & Tresnaningsih, E. (2011). The impact of independent directors and independent audit committees on earnings quality reported by Indonesian firms. Asian Review of Accounting, 19(3), 192–207. doi:10.1108/13217341111185128
  • Ssekiziyivu, B., Mwesigwa, R., Joseph, M., & Nkote Nabeta, I. (2017). Credit allocation, risk management and loan portfolio performance of MFIs—A case of Ugandan firms. Cogent Business & Management, 4, 1. doi:10.1080/23311975.2017.1374921
  • Subramaniam, N., McManus, L., & Zhang, J. (2009). Corporate governance, firm characteristics and risk management committee formation in Australian companies. Managerial Auditing Journal, 24(4), 316–339. doi:10.1108/02686900910948170
  • Tumwebaze, Z., Mukyala, V., Ssekiziyivu, B., Tirisa, C. B., & Tumwebonire, A. (2018). Corporate governance, internal audit function and accountability in statutory corporations. Cogent Business & Management, 5, 1. doi:10.1080/23311975.2018.1527054
  • Turley, S., & Zaman, M. (2007). Audit committee effectiveness: Informal processes and behavioural effects. Accounting, Auditing & Accountability Journal, 20(5), 765–768.
  • Walker, P. L., Shenkir, W. G., & Barton, T. L. (2002). Enterprise risk management: Putting it all together. Altamonte Springs: Institute of Internal Auditors Research Foundation.
  • Yatim, P. (2009). Board structures and the establishment of a risk management committee by Malaysian listed firms. Journal of Management and Governance, 14(1), 17–36. doi:10.1007/s10997-009-9089-6