search query: @indexterm Internal auditing / total: 303
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| Author: | Cerde, V. W. Silva, P. White, C. C. |
| Title: | Corporate Governance Effectiveness Balanced Relationships among External Auditors, Internal Auditors, the Board of Directors and Top Management |
| Journal: | Journal of Corporate Citizenship
2002 : WINTER, 8, p. 23-34 |
| Index terms: | CORPORATE GOVERNANCE INTERNAL AUDITING AUDITING AGENCY THEORY |
| Language: | eng |
| Abstract: | Corporate governance and the relationships between the board of directors and top management have become mainstream topics since the collapse of Enron. Prior corporate governance research examines the effect of top management and the board on firm performance; however, the authors suggest that the research on corporate governance be expanded to include the role of the board audit committee, internal auditors and external auditors. The primary theoretical base for the authors' propositions is agency theory, which explains the divergence of interests that can occur between the manager-agent and owners-principal. Control mechanisms such as incentive alignment, monitoring and transparency can be used to minimise agency costs and improve corporate governance effectiveness. |
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