How Managers and Audit Committee Affect Internal Control Weakness

Document Type : Original Article

Author

• Seyed Mohsen Hosinian

Faculty of Economics and Administrative Sciences, Attar Institute of Higher Education, Mashhad, Iran

10.22067/ijaaf.2021.39506

Abstract

This paper assesses how the board, CEO, and audit committee's characteristics influence internal control weakness. In order to test the hypotheses, data of listed companies on the Tehran Stock Exchange during 2012-2016 are collected. Panel data analyses indicate that managerial education level and audit committee independence inversely influence internal control weakness. However, there is no significant relationship between managers' or audit committees' other characteristics and internal control weakness.

Keywords

• Internal Control Weaknesses
• Board Characteristics
• CEO Characteristics
• Type of Audit Report

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