The basic goal of accounting is to provide quality accounting information that will aid reliable decision-making. The quality level of this accounting information comes from the company＇s governance practices, thereb...The basic goal of accounting is to provide quality accounting information that will aid reliable decision-making. The quality level of this accounting information comes from the company＇s governance practices, thereby emphasizing the importance of corporate governance in companies. Recently, following the financial crises resulting in accounting scandals, attention has been moving towards internal audit function as an important factor in the structure of corporate governance. This paper therefore examined the extent of the relationship between internal audit function and the quality of accounting information of companies. The study adopted the survey research design. The research instrument employed was questionnaire which was administered to internal auditors of the ＂Big Four＂. Linear regression analysis was employed in the analysis of the data collected with the use of Statistical Packages for Social Sciences （SPSS）. The results revealed that there is a significant relationship between the internal audit characteristics and the quality of accounting information. It was recommended that in order to provide credibility to the financial statement, there should be a law in place mandating attachment of internal auditors report to the financial statement.展开更多
Incomplete contract theory （GHM-model）, namely, GHM model, Grossman-Hart-Moore model, GHM model or called ownership - control model by Grossman and Hart （Grossman ＆ Hart, 1986）, it is established by Hart and Moo...Incomplete contract theory （GHM-model）, namely, GHM model, Grossman-Hart-Moore model, GHM model or called ownership - control model by Grossman and Hart （Grossman ＆ Hart, 1986）, it is established by Hart and Moore （Hart ＆ Moore, 1990） and other cofounder, so this theory is also known as GHM theory or GHM model. Domestic scholars generally call their theory incomplete contract theory or incomplete contract theory, because the theory is ba^ed on the following analytical framework： They use the incompleteness of contracts for research as starting point to property or （ residual ） optimal control with Ge for research purposes. It is the most important analytical tool for analyze business theory and corporate governance structures with Ge control incentives to obtain the information. GHM model directly inherit the transaction cost theory by Coase, and Williamson, and it is a critical development. Among them, the 1986 model is mainly to solve the integration problem of assets, in 1990, the model evolved into a general model of asset ownership.展开更多
文摘The basic goal of accounting is to provide quality accounting information that will aid reliable decision-making. The quality level of this accounting information comes from the company＇s governance practices, thereby emphasizing the importance of corporate governance in companies. Recently, following the financial crises resulting in accounting scandals, attention has been moving towards internal audit function as an important factor in the structure of corporate governance. This paper therefore examined the extent of the relationship between internal audit function and the quality of accounting information of companies. The study adopted the survey research design. The research instrument employed was questionnaire which was administered to internal auditors of the ＂Big Four＂. Linear regression analysis was employed in the analysis of the data collected with the use of Statistical Packages for Social Sciences （SPSS）. The results revealed that there is a significant relationship between the internal audit characteristics and the quality of accounting information. It was recommended that in order to provide credibility to the financial statement, there should be a law in place mandating attachment of internal auditors report to the financial statement.
文摘Incomplete contract theory （GHM-model）, namely, GHM model, Grossman-Hart-Moore model, GHM model or called ownership - control model by Grossman and Hart （Grossman ＆ Hart, 1986）, it is established by Hart and Moore （Hart ＆ Moore, 1990） and other cofounder, so this theory is also known as GHM theory or GHM model. Domestic scholars generally call their theory incomplete contract theory or incomplete contract theory, because the theory is ba^ed on the following analytical framework： They use the incompleteness of contracts for research as starting point to property or （ residual ） optimal control with Ge for research purposes. It is the most important analytical tool for analyze business theory and corporate governance structures with Ge control incentives to obtain the information. GHM model directly inherit the transaction cost theory by Coase, and Williamson, and it is a critical development. Among them, the 1986 model is mainly to solve the integration problem of assets, in 1990, the model evolved into a general model of asset ownership.
