Audit Committee Activities and the Internal Control System of Commercial Banks Operating in Yemen

Yahya Ali Al-Matari, Sulaiman Al Nasser Mohammed () and Ebrahim Mohammed Al-Matari
Additional contact information
Yahya Ali Al-Matari: School of Economics, Finance and Banking, College of Business, Universiti Utara Malaysia, Malaysia,
Ebrahim Mohammed Al-Matari: Tunku Intan Safinaz School of Accountancy, College of Business, Universiti Utara Malaysia, Malaysia, Amran University, Yemen.

International Review of Management and Marketing, 2017, vol. 7, issue 1, 191-196

Abstract: This study primarily aims to investigate the impact of audit committee (AC) effectiveness on the internal control system of commercial banks through the use of four of its characteristics namely AC meetings, meeting frequency between AC and internal auditors (IAs), AC reviews and internal audit proposals and lastly, AC reviews of the internal audit results. The study results were obtained by using data gathered from the Yemeni commercial banks through the questionnaire survey method. A total of 88 usable questionnaires out of 170 questionnaires distributed to 17 commercial banks were considered suitable for analysis. The results showed that the AC effectiveness, represented by meetings frequency between AC and IAs, AC reviews of the internal audit proposals, and audit reviews of the internal audit significantly related to the commercial banks performance. Literature regarding AC characteristics that are relevant to the present study was reviewed, and practical implications as well as recommendations for future studies were provided towards the end of the study.

Keywords: Corporate Governance; Ýnternal Audit; Audit Committee; Ýnternal Control System; Yemen (search for similar items in EconPapers)
JEL-codes: G34 M4 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.econjournals.com/index.php/irmm/article/download/2899/pdf (application/pdf)
http://www.econjournals.com/index.php/irmm/article/view/2899/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ3:2017-01-26

Access Statistics for this article

International Review of Management and Marketing is currently edited by Ilhan Ozturk

More articles in International Review of Management and Marketing from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().