TITLE

THE ROLE OF INTERNAL AUDITING AND CORPORATE GOVERNANCE IN ENTERPRISE RISK MANAGEMENT: EMPIRICAL EVIDENCE ON NON-FINANCIAL FIRMS LISTED IN ISTANBUL STOCK EXCHANGE

AUTHOR(S)
Mandaci, Pinar Evrim; Kahyaoglu, Sezer Bozkus
PUB. DATE
March 2012
SOURCE
World of Accounting Science;2012, Vol. 14 Issue 1, p43
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The scope of internal auditing has widened in recent years due to increasing business complexity and the consequences of corporate scandals. Being aware of the big picture is fundamental for internal auditing to contribute to the Enterprise Risk Management (ERM) and corporate governance in an organization. Internal auditing can enforce the ERM process, however enterprise- wide initiatives necessitate strong support from top management and board members to initiate successfully and carry on the strategic management objectives. In this paper, we analyze the role of internal auditing and corporate governance in ERM by providing empirical evidence on the Turkish non-financial firms listed in Istanbul Stock Exchange (ISE). We use publicly available information of these firms announced via their annual reports, corporate governance compliance reports and also their daily stock prices. We build our empirical model by applying logistic regression and depending on our findings we make policy recommendations.
ACCESSION #
74630632

 

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