Access the full text.
Sign up today, get DeepDyve free for 14 days.
Weili Ge, Sarah McVay (2005)
The Disclosure of Material Weaknesses in Internal Control after the Sarbanes‐Oxley ActAccounting Horizons, 19
Beng Goh (2009)
Audit Committees, Boards of Directors, and Remediation of Material Weaknesses in Internal ControlERPN: Corporate Law & Organization Law (Topic)
M. Arena, G. Azzone (2009)
Identifying Organizational Drivers of Internal Audit EffectivenessEuropean Finance eJournal
(2013)
Audit quality: Insights
関口 智和 (2014)
Proposed Amendments to Auditor Reporting Requirements by the International Auditing and Assurance Standards Board (IAASB)
H. Skaife, D. Collins, William Jr., Ryan LaFond (2007)
The Effect of SOX Internal Control Deficiencies and Their Remediation on Accrual QualityLSN: Corporate Governance U.S. (Topic)
Auditing: A Journal of Practice & Theory
M. Gietzmann, P. Sen (2002)
Improving Auditor Independence Through Selective Mandatory RotationInternational Journal of Auditing, 6
Gerrit Sarens, M. Abdolmohammadi (2011)
Monitoring Effects of the Internal Audit Function: Agency Theory Versus Other Explanatory VariablesCGN: Gatekeepers (Topic)
(1997)
An examination of cultural influence on audit environments
M. Cameran, Jere Francis, Antonio Marra, Angela Pettinicchio (2013)
Are There Adverse Consequences of Mandatory Auditor Rotation? Evidence from the Italian ExperienceCGN: Gatekeepers (Topic)
Chris Hogan, Michael Wilkins (2008)
Evidence on the Audit Risk Model: Do Auditors Increase Audit Fees in the Presence of Internal Control Deficiencies?Contemporary Accounting Research, 25
J. Bedard, Lynford Graham (2011)
Detection and Severity Classifications of Sarbanes-Oxley Section 404 Internal Control DeficienciesThe Accounting Review, 86
Jong-Hag Choi, T. Wong (2007)
Auditors' Governance Functions and Legal Environments: An International InvestigationContemporary Accounting Research, 24
P. Volpin (2002)
Governance with Poor Investor Protection: Evidence from Top Executive Turnover in ItalyCEPR Discussion Paper Series
D. Hermanson, Z. Ye (2009)
Why Do Some Accelerated Filers with SOX Section 404 Material Weaknesses Provide Early Warning under Section 302Ear and Hearing, 28
S. Azzali, Tatiana Mazza (2013)
Internal Control Over Financial Reporting Quality and Information Technology Control Frameworks
G. Steenkamp (2009)
Mapping the Information Technology (IT) governance requirements contained in the King III Report to the IT domains and processes of the Control Objectives for Information and Related Technology (COBIT) framework
Jere Francis (2004)
What do we know about audit qualityBritish Accounting Review, 36
J. Doyle, Weili Ge, Sarah McVay (2006)
Determinants of Weaknesses in Internal Control over Financial ReportingRoss: Accounting (Topic)
Johnstone Johnstone, Li Li, Rupley Rupley (2011)
Changes in corporate governance associated with the revelation of internal control material weaknesses and their subsequent remediationContemporary Accounting Research, 28
Rani Hoitash, Udi Hoitash, J. Bedard (2008)
INTERNAL CONTROL QUALITY AND AUDIT PRICING UNDER THE SARBANES-OXLEY ACTEar and Hearing, 27
Udi Hoitash, Rani Hoitash, J. Bedard (2008)
Corporate Governance and Internal Control over Financial Reporting: A Comparison of Regulatory RegimesAuditing
Bonnie Klamm, Kevin Kobelsky, M. Watson (2012)
Determinants of the Persistence of Internal Control WeaknessesAccounting Horizons, 26
International Standard on Auditing 265, Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
William Messier, Nonna Martinov-Bennie, A. Eilifsen (2005)
A Review and Integration of Empirical Research on Materiality: Two Decades LaterEar and Hearing, 24
Mark Defond, Jieying Zhang (2014)
A Review of Archival Auditing ResearchERN: Regulation (IO) (Topic)
(2007)
Control Objectives for Information and Related Technology (COBIT) 4.1: Framework for IT Governance and Control
Carlo Regoliosi, A. d’Eri (2012)
“Good” corporate governance and the quality of internal auditing departments in Italian listed firms. An exploratory investigation in Italian listed firmsJournal of Management & Governance, 18
Ashbaugh-Skaife (2008)
The effect of SOX internal control deficiencies and their remediation on accrual qualityThe Accounting Review, 83
J. Krishnan, D. Rama, Yinghong Zhang (2008)
Costs to Comply with SOX Section 404Ear and Hearing, 27
M. Allegrini, G. D'Onza, L. Paape, R. Melville, Gerrit Sarens (2006)
The European literature review on internal auditingManagerial Auditing Journal, 21
Douglas Prawitt, Jason Smith, David Wood (2008)
Internal Audit Quality and Earnings ManagementFinancial Accounting eJournal
Karla Zehms, Chan Li, Kathleen Rupley (2010)
Changes in Corporate Governance Associated with the Revelation of Internal Control Material Weaknesses and their Subsequent RemediationCorporate Law: Securities Law
Prawitt Prawitt, Smith Smith, Wood Wood (2009)
Internal audit quality and earnings managementAccounting Review, 84
K. Raghunandan, D. Rama (2006)
SOX Section 404 Material Weakness Disclosures and Audit FeesEar and Hearing, 25
Randal Elder, R. Allen (2003)
A Longitudinal Field Investigation of Auditor Risk Assessments and Sample Size DecisionsThe Accounting Review, 78
(2012)
Remediation of internal control material weaknesses: A detailed examination
L. Mariani, Patrizia Tettamanzi, F. Corno (2010)
External Auditing vs Statutory Committee Auditing: The Italian EvidenceCorporate Governance: Actors & Players eJournal
Jere Francis (2011)
A Framework for Understanding and Researching Audit QualityAuditing-a Journal of Practice & Theory, 30
R. Allen, D. Hermanson, T. Kozloski, R. Ramsay (2006)
Auditor Risk Assessment: Insights from the Academic LiteratureAccounting Horizons, 20
Knechel Knechel, Krishnan Krishnan, Pevzner Pevzner, Shefchik Shefchik, Velury Velury (2013)
Audit quality: Insights from the academic literatureAuditing: A Journal of Practice and Theory, 32
Mariani Mariani, Tettamanzi Tettamanzi, Corno Corno (2010)
External auditing vs statutory committee auditing: The Italian evidenceInternational Journal of Auditing, 14
Volpin Volpin (2002)
Governance with poor investor protection: Evidence from top executive turnover in ItalyJournal of Financial Economics, 64
J. Bedard, K. Johnstone, Edward Smith (2010)
Audit Quality Indicators: A Status Update on Possible Public Disclosures and Insights from Audit PracticeCurrent Issues in Auditing, 4
Alessandro Cortesi, Patrizia Tettamanzi, F. Corno (2009)
Empirical evidence on internal control systems and corporate governance in ItalyJournal of Management & Governance, 13
Lynford Graham, J. Bedard (2013)
The Influence of Auditor and Client Section 404 Processes on Remediation of Internal Control Deficiencies at All Levels of SeverityAuditing-a Journal of Practice & Theory, 32
Cameran Cameran, Francis Francis, Marra Marra, Pettinicchio Pettinicchio (2015)
Are there adverse consequences of mandatory auditor rotation? Evidence from the Italian experienceAuditing: A Journal of Practice and Theory, 34
M. Allegrini, G. Greco (2013)
Corporate boards, audit committees and voluntary disclosure: evidence from Italian Listed CompaniesJournal of Management & Governance, 17
(2013)
International Standard on Auditing 315, Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment
Gietzmann Gietzmann, Sen Sen (2002)
Improving mandatory rotation through selective mandatory rotationInternational Journal of Auditing, 6
Hoitash Hoitash, Hoitash Hoitash, Bedard Bedard (2008)
Audit fees and internal control problems disclosed under the Sarbanes‐Oxley ActAuditing: A Journal of Practice and Theory, 27
Gerrit Sarens, M. Allegrini, G. D'Onza, R. Melville (2011)
Are internal auditing practices related to the age of the internal audit function?: Exploratory evidence and directions for future researchManagerial Auditing Journal, 26
J. Christopher, Gerrit Sarens, P. Leung (2009)
A critical analysis of the independence of the internal audit function: evidence from AustraliaAccounting, Auditing & Accountability Journal, 22
J. Bedard, Rani Hoitash, Udi Hoitash, Kimberly Westermann (2011)
Material Weakness Remediation and Earnings Quality: A Detailed Examination by Type of Control DeficiencyD'Amore-McKim: Accounting (Topic)
Gerrit Sarens, Rita Lamboglia (2014)
The (mis)fit between the profile of internal auditors and internal audit activitiesAccounting and Business Research, 44
Hoitash Hoitash, Hoitash Hoitash, Bedard Bedard (2009)
Corporate governance and internal control quality: A comparison of regulatory regimesThe Accounting Review, 84
Luo He, Daniel Thornton (2013)
The Impact of Disclosures of Internal Control Weaknesses and Remediations on Investors' Perceptions of Earnings Quality†Accounting Perspectives, 12
H. Ashbaugh-Skaife, D. Collins, William Kinney (2007)
The Discovery and Reporting of Internal Control Deficiencies Prior to SOX-Mandated AuditsJournal of Accounting and Economics, 44
The audit quality framework. Available at: www.frc.org.uk/getattachment/ 79a53c7d-1289-4a9f-bb84-5c9829fb964a/The-Audit -Quality-Framework-(1).aspx
Di Pietra Di Pietra, Grambovas Grambovas, Raonic Raonic, Riccaboni Riccaboni (2008)
The effects of board size and “busy” directors on the market value of Italian firmsJournal of Management & Governance, 12
Hollis Ashbaugh, Ryan LaFond, Brian Mayhew (2003)
Do Nonaudit Services Compromise Auditor Independence? Further EvidenceThe Accounting Review, 78
(2006)
Information Technology Control Objectives for Sarbanes-Oxley: The Role of Information Technology in the Design and Implementation of Internal Control Over Financial Reporting
R. Lenz, Gerrit Sarens, K. D'Silva (2014)
Probing the Discriminatory Power of Characteristics of Internal Audit Functions: Sorting the Wheat from the ChaffInternational Accounting eJournal
Gopal Krishnan, Gnanakumar Visvanathan (2005)
Reporting Internal Control Deficiencies in the Post-Sarbanes-Oxley Era: The Role of Auditors and Corporate GovernanceAuditing
Roberto Pietra, Christos Grambovas, Ivana Raonic, A. Riccaboni (2008)
The effects of board size and ‘busy’ directors on the market value of Italian companiesJournal of Management & Governance, 12
Lenz Lenz, Sarens Sarens, D'Silva D'Silva (2014)
Probing the discriminatory power of characteristics of internal audit functions: Sorting the wheat from the chaffInternational Journal of Auditing, 18
The objective of this study is to test the effects of internal audit quality on the severity and persistence of the internal controls deficiencies (ICD). Internal audit quality is investigated through the internal audit process, internal audit input and types of ICD. The paper extends previous findings on ICD severity and ICD persistence. Using private data collected with questionnaires and performing logistic regressions, we find that the improvement of planning – scoping and testing – monitoring quality and competences – independence reduces ICD severity, decreasing significant deficiencies and material weaknesses, and reduces persistence of ICD over time. We also find that revenues are the most severe type of ICD, while human resources and period end accounts are the most persistent.
International Journal of Auditing – Wiley
Published: Nov 1, 2015
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.