The current study “Corporate Governance in The Kingdom of Saudi Arabia” aims to determine the influence of corporate governance on the role of auditors in Saudi Arabia.
It is also contributory to implementation of support systems that allow the achievement of stakeholder goals.
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ance and the Role of Auditors in the KSA 26 Synthesis of the Review 28 Chapter 3: Methodology 30 Introduction 30 Research Approach 30 Research Design 30 Specification of Variables 31 Hypotheses 33 Sampling Technique 35 Methods and Materials 36 Reliability and Validity 36 Data-Collection Procedure 36 Ethical Considerations 37 Method of Data Analysis 37 Conclusion 38 Chapter 4: Results and Discussion 39 Introduction 39 Results 39 Discussion 60 Chapter 5: Conclusions and Recommendations 65 Conclusions 65 Recommendations 67 List of Tables Table 1. Independent and Dependent Variables 31 Table 2. Demographic Traits 32 Table 3. Research Questions with Corresponding Alternative Hypotheses 33 Table 4. Descriptive statistics: Evaluations of corporate governance (Internal Auditors) 40 Table 5. Descriptive statistics: Facets of the auditor’s role influenced by corporate governance (Internal Auditors) 42 Table 6. T-test: Facets of the auditor’s role influenced by corporate governance (Internal Auditors) 43 Table 7a. Coefficient of determination: Evaluations of corporate governance vs. overall success of corporate governance as regards the auditor’s role (Internal Auditors) 44 Table 7b. One-way ANOVA: Evaluations of corporate governance vs. overall success of corporate governance as regards the auditor’s role (Internal Auditors) 45 Table 7c. Beta coefficients: Evaluations of corporate governance vs. overall success of corporate governance to the auditor role (Internal Auditors) 46 Table 8. Descriptive statistics: Evaluations of corporate governance (External Auditors) 47 Table 9. Descriptive statistics: Facets of the auditor’s role influenced by corporate governance (Internal Auditors) 50 Table 10. T-test: Facets of the auditor’s role influenced by corporate governance...
Following the major recent scandals involving accountants and their tendency to restate earnings, as well as the collapse of Enron and WorldCom, various calls for reform have been made, particularly in the field of management, external auditing and corporate governance (Brown 2005; Deakin & Konzelmann 2004). Research that delves into the matter at hand has highlighted the importance of the so-called “corporate governance mosaic”, which generally emphasises the critical role of the interactions among the important parties involved in financial reporting (Ali 1999). Moreover, researchers have given attention to how the corporate governance initiative of organisations significantly affects the processes related to financial reporting and auditing. It has likewise been argued that the auditors, together with the board of directors, must work hand in hand towards the betterment of the auditing process in accordance with the principles of corporate governance (Cohen, Krishnamoorthy & Wright 2007; Dewing & Russell 2004).
Strong corporate governance positively affects the quality of financial reports in a sense that it minimizes the incidence of fraud, fewer restatements and lower earnings of the management (Cohen et al. 2007). The nature and strength with which organisations carry out their initiatives pertaining to corporate governance significantly affect the audit process. Furthermore, actors involved in the advancement of corporate governance initiatives are also likely to be more responsible in ensuring that financial reporting is of high quality (Abbott, Parker & Peters 2004). Finally, it is also through the proper adoption of the principles of corporate governance that auditors are enabled to solve their disputes with clients. The relationship of corporate governance and the role of the auditors has indeed been the subject of many studies (Abbott, Parker & Peters 2004; International Organisations of Securities Commissions). Additionally, researchers who have undertaken studies in relation to the topic have all underscored the fact that the corporate governance system helps in preventing the collapse of corporations. The relationship between the two is also based on the role of auditors in ensuring the quality of the financial reports (Krishnan n.d.). In view of this, this research aims to look into how corporate governance influences the role of the auditors in the context of companies in the KSA.
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“Corporate Governance in The Kingdom of Saudi Arabia Dissertation”, n.d. https://studentshare.org/business/1390183-corporate-governance-in-the-kingdom-of-saudi-arabia.
The research analyses the impact and influence of corporate governance on the social, political and economic environment of the United Kingdom; investigates the reasons of financial risks and role of corporate governance in curtailing it; evaluates the contribution of corporate governance in offering transparency and systematic approach to deal with the social and business environment.
The concept of corporate governance achieved acknowledgment since the 1980’s, when corporate organizations began exercising it as a benchmark ethical measure intended for accounting and financial reporting in addition to other fair practices. Formerly, corporate governance was defined as a standard collection of guidelines that is exercised to administer and implement control over corporate organisations.
The recent global financial crisis have brought to the fore issues and weaknesses in the international market for investments and securities, drawing concern to the financial health and operational continuity of potential equity investments. These concerns are exacerbated by the lack of transparency in the manner corporations operate, further undermining efforts to establish an international financial accounting standard and norms for the conduct of ethical business.
Developing a formal corporate governance mechanism to monitor business activities is likely to be another crucial step that the families may have to take to achieve long term success. This may even involve the recruitment of outside talent and initiating organizational change. The present study looks to analyze all these factors.
4.2.Discussion and Findings 18 5.Chapter 5 19 5.1.Conclusion 19 5.2.Recommendation 19 Reference 21 1. Chapter 1 1.1. Introduction The importance of corporate governance for the financial reporting can be explained by describing the relationship between business and society.
In the past, there used to be elite existences that were responsible for maintaining inflow and outflow of money in the market; however, since few decades, commercial banks have been performing this imperative task to maintain and improve economy of the country.
In the past ten to fifteen years, more and more people have suffered from obesity and in particular in Saudi Arabia since Saudi Arabia happen to be one of the most industrialized countries in the world. The lifestyle of Saudis is changing: the physical activity is extremely reduced and food is considered much more than a necessity of life.
Corporate governance is also revolving around mitigating or preventing conflicts of interests among different stake holders. Leading philosophers oblige law makers to impact corporate governance through customs, processes, institutions, laws, and policies.
our 30 Research Methodology 30 Overview 30 Sampling Design Process 31 Chapter Five 32 Findings and Discussion 32 Demographic Findings 32 Questionnaire Specific Findings 32 Chapter Six 38 Conclusion 38 Recommendation 39 Reference 40 Chapter One Introduction The world of the 21st century is progressing at a rapid pace, mainly because of the factors of fast change and rapid development.
40 Pages(10000 words)Dissertation
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