Corporate Governance in The Kingdom of Saudi Arabia - Dissertation Example

Comments (1) Cite this document
Summary
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.
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.8% of users find it useful
Corporate Governance in The Kingdom of Saudi Arabia
Read TextPreview

Extract of sample "Corporate Governance in The Kingdom of Saudi Arabia"

Download file to see previous pages 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. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporate Governance in The Kingdom of Saudi Arabia Dissertation”, n.d.)
Retrieved de https://studentshare.org/business/1390183-corporate-governance-in-the-kingdom-of-saudi-arabia
(Corporate Governance in The Kingdom of Saudi Arabia Dissertation)
https://studentshare.org/business/1390183-corporate-governance-in-the-kingdom-of-saudi-arabia.
“Corporate Governance in The Kingdom of Saudi Arabia Dissertation”, n.d. https://studentshare.org/business/1390183-corporate-governance-in-the-kingdom-of-saudi-arabia.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
zo
zokeefe added comment 3 months ago
Student rated this paper as
I didn’t know how to start my essay. "Corporate Governance in The Kingdom of Saudi Arabia " helped me out a lot! Especially the list of resources was valuable.

CHECK THESE SAMPLES OF Corporate Governance in The Kingdom of Saudi Arabia

Type II Diabetes in the Kingdom of Saudi Arabia

...? TYPE II DIABETES IN THE KINGDOM OF SAUDI ARABIA By 7th, September, Type II diabetes is the most common type of diabetes among the elderly generation. The disease is mainly linked to old age, unhealthy lifestyles, and habits. Due to its association with old age, most people do not value preventive information. Nearly 50% of Saudis lack information on the dangers and causes of type II diabetes. The population also has a negative attitude towards healthy eating habits and physical exercise as a preventive measure. Education is also a major factor that determines prevalence of type II diabetes among the Saudis. Education promotes healthy eating habits and...
10 Pages(2500 words)Essay

Corporate Governance in the United Kingdom

...? Corporate Governance in the United Kingdom Part Rules-based vs. Principles-based Approaches to Corporate GovernanceThe UK Corporate Governance Code of June 2010 was formulated with the purpose of facilitating effective, prudent and entrepreneurial management practices that can be successful to an organization in the long run. (Tricker, 2004) This purpose was based on the need for a guide to the components that make up an effective board. The underlying principles that attribute to good governance include: transparency, accountability and being focused on the long term sustainability of success in an organization. The rules-based approach to corporate governance was largely influenced by the Sharbanes and Oxley Act in the USA... , which...
10 Pages(2500 words)Essay

Saudi Arabia

...of the establishment of the Kingdom of Saudi Arabia in 1932, the country is being ruled under monarchy, as Gerald Butt, a middle East Analyst, says, “The history of Saudi Arabia is entwined - as much as its name is - with the fate and fortunes of the House of Saud, which traces its origins back to the 18th Century” (2). Indeed the Saudi politics is largely governed by the Al Soud Family members who occupy almost the central executive positions of the government. Due to this royal family-centric structure of the government, some of the western scholars like Mathew Arnold, John Frisby,...
7 Pages(1750 words)Essay

Obesity in kingdom saudi arabia

...?Obesity in Kingdom Saudi Arabia: Obesity is a nutritional disorder that results into excessive fat accumulation in the body. The most obvious victims of obesity are the developed countries, though the number of victims of obesity in the developing countries is also readily increasing (Young, 2001). Obesity has a fairly complex etiology. Several factors that include but are not limited to environment and genetics affect obesity along with several physical, psychological and socio-economic reasons. The speed with which obesity has increased all over the world in the past few decades essentially tells that role of other factors in causing obesity is much more significant that that of...
5 Pages(1250 words)Essay

Improving Corporate Governance in Saudi Arabia

...?Improving Corporate Governance in Saudi Arabia Introduction Corporate governance is a system in which there is direct control of companies. This banking law proposal relating to improving cooperate governance in Saudi Arabia; it involves regulating and improving the relationships between the bank's management, shareholders, the board, and other stakeholders1. Corporate governance is also revolving around mitigating or preventing conflicts of interests among different stake holders. Leading philosophers oblige law makers to impact...
7 Pages(1750 words)Essay

Saudi Arabia

...on Islamic Shari’a All criminal and civil laws and other parts of the legal system are entirely based on the Shari’a. The basic law was adopted in the country, during year 1992, when Saudi Arabia was declared as a monarchy ruled by Al-Saud family. The Islamic law, called shari’a, is governed by the constitution of this country, which is Holy Koran. Even the king is supposed to observe the Saudi tradition, while adhering to the Shari’a. The king is usually chosen among the members of royal family. However, the same should have approval of the religious leaders, Ulema. The king needs to have consent from Ulema on all important matters, concerning the...
15 Pages(3750 words)Research Paper

Saudi Arabia

... Saudi Arabia Saudi Arabia is an Islamic country with rich historical background. Its monarchy history s far back during the ancient days. This paper outlines the geography of the country, the lifestyle of its people and their approach to governance. Introduction From the ancient days, the Kingdom of Saudi Arabia has developed from a land full of nomads to a modern nation. Led by a man whom Janin and Besheer (5) say not to have any formal education since its true birth in 1932, the country has experienced tremendous achievements. It stands as a significant industrial country, claiming over 25% of the global oil reserve. It is this wealth in oil that Saudi Arabia is known for and is what drives the country’s economy. Considered... . The...
5 Pages(1250 words)Research Paper

Saudi Arabia

..., but little of these catches found their way to the local market. When it did hit the local market, the price of fish was relatively higher while those in the interior have found it non-existent or unacceptably cost-prohibitive. A great deal of this is due to the Kingdom’s increase in trade in the traditional fishing market in the 1970s as well as the expansion of fishing activities within the Caribbean. The government of the Kingdom of Saudi Arabia undertook a careful study of the fish resources present in the kingdom’s territorial waters in both the Gulf and the Red Sea in the 1970’s. The study was conducted in partnership with...
6 Pages(1500 words)Essay

Saudi Arabia

...; and passports of foreign workers were illegally retained with their wages also withheld for months, sometimes years (Eye of the UN “UN Authority Figures”). For the United States, the above violations are very rare occurrences in the labor sector. The United States is equipped with various labor laws and civil laws which help prevent these violations. Because of its strong labor rights protection, the US has managed to draw in more laborers; this has helped contribute to strong exports for the United States and lesser trade deficits (Weller & Zucconi “Issues”). Organizing/% of Unionization Unionization in Saudi Arabia is prohibited. Their basic laws do not include the freedom of association...
7 Pages(1750 words)Admission/Application Essay

Saudi Arabia

...Saudi Arabia is a kingdom in the Arabian Peninsula, which is ruled by a king who combines legislative, judicial, and executive functions when administering the country. Either the law of the country is generally made by a royal decree from the king or the constitution of this state is the Quran. Although this country is often perceived to be a totalitarian state by many people in America, its political system has worked for the last century and not only has it done this, but it has also led to a great deal of development for its people. The Saudi Arabian government has used the oil wealth of the country for the benefit of its people and it has put a lot...
2 Pages(500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Dissertation on topic Corporate Governance in The Kingdom of Saudi Arabia for FREE!

Contact Us