The study seeks to ascertain the practices of the audit committee and internal audit improving corporate governance among companies in Ghana, with specific attention to analysing the audit committee's impact on improving internal audit operations, identifying the relationship between the internal audit unit and the audit committee members. Moreover, the author analyzes the impact of the internal audit department and audit committee members on the risk management strategy of companies.
The author aims to exam the relationship that exists among the audit committee, internal audit, and its part in the corporate governance system. A critical analysis of the circumstances leading to the collapse of businesses shows that the majority of these corporate failures could be avoided if effective audit committees and internal audit departments are in place to check management activities, especially concerning financial reporting and other accounting practices.
The study results were obtained by using data gathered from the internal auditors and audit committee members through the questionnaire survey method.
Inhaltsverzeichnis (Table of Contents)
- INTRODUCTION
- LITERATURE REVIEW.
- THEORETICAL REVIEW.
- EMPIRICAL REVIEW
- Summary of Literature Review
- RESEARCH METHODOLOGY
- Study Design..
- The Population Size, Sample and Sampling Technique.....
- Research Collection and Validity of the Research Instrument..
- RESULTS AND DISCUSSION...
- Demographic Characteristics.
- Conclusion
- Recommendation.
- REFERENCES.
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This study investigates the impact of the audit committee and internal audit department on corporate governance in Ghana. It aims to analyze the audit committee's influence on improving internal audit operations, identify the relationship between internal audit and the audit committee, and examine the impact of both entities on the risk management strategy of companies.
- The role of audit committees and internal audit departments in corporate governance
- The impact of audit committees on improving internal audit operations
- The relationship between internal audit and the audit committee
- The influence of audit committees and internal audit departments on risk management strategies
- Corporate governance practices in developing countries, particularly Ghana
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction sets the stage for the study by discussing the significance of corporate governance, particularly in developing countries, and highlighting the importance of audit committees and internal audit departments in maintaining good corporate governance practices. The chapter delves into the concept of agency theory, which emphasizes the relationship between managers and shareholders, and its relevance to understanding corporate governance.
The literature review section delves into existing research on the topic. It examines both theoretical and empirical studies, highlighting the role of agency theory in corporate governance and the need for effective audit committees and internal audit departments. The section also acknowledges a gap in research focusing on developing countries like Ghana, emphasizing the study's significance in contributing to the understanding of corporate governance in these contexts.
The research methodology chapter outlines the study design, sampling technique, data collection methods, and instrument validation. The chapter provides a detailed explanation of the research process, ensuring transparency and replicability of the study.
The results and discussion section presents the findings of the study, analyzing the impact of audit committees and internal audit departments on corporate governance in Ghana. This section likely explores the relationships between these entities and their contribution to risk management strategies.
Schlüsselwörter (Keywords)
The primary keywords and focus topics of the study are corporate governance system, internal audit unit, audit committee members, developing countries, Ghana, risk management, agency theory, and audit performance. This study explores the influence of audit committees and internal audit departments on improving corporate governance, highlighting their significance in fostering effective risk management practices and strengthening the overall governance structure within companies.
- Citation du texte
- Wiredu Richard (Auteur), 2020, The Influence of the Audit Committee on the Internal Audit Department in the System of Corporate Governance in Ghana, Munich, GRIN Verlag, https://www.grin.com/document/536616
