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Author
Herdan Agnieszka (Uniwersytet Jagielloński w Krakowie)
Title
The Relationship Between Audit Committees and Internal Audit Function: Eyidence from UK
Source
Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia, 2008, nr 14, s. 299-309, tab.,bibliogr. 15 poz.
Keyword
Audyt wewnętrzny, Komitet audytu
Internal audit, Audit committee
Note
summ.
Company
PKO Bank Państwowy (PKO BP)
Country
Wielka Brytania
United Kingdom
Abstract
One of the most important elements of corporate govemance is strong intemal control. Intemal control includes the responsibilities of an audit committee in overseeing the financial reporting process, monitoring the choice of accounting policies and principles, monitoring intemal control processes, and overseeing the hiring and performance of extemal auditors. The aim and objective of this report is to examine the relationship of audit committees and intemal audit fiinctions within financial institutions listed on London Stock Exchange. Also the compliance with the Combined Code 2003 will be analyzed.(original abstract)
Accessibility
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
Szczecin University Main Library
Bibliography
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  2. Financial Services and Market Act 2000 http://www.opsi.gov.uk/acts/acts2000/ukpga_20000008_en_l (January 2008).
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  8. UK Combined Code 2003 - http://www.shef.ac.uk/cuc/pubs/CHEMS_Higgs_Code.pdf (January 2008).
  9. Institute of Intemal Auditors, Definition of Internal Auditing. Altamonte Springs, Florida: The Insti¬tute of Intemal Auditors, London 1999.
  10. Institute of Intemal Auditors, Practice Advisory 2060-20: Relationship with the Audit Committee. Al¬tamonte Springs, FL: The Institute of Intemal Auditors, London 2000.
  11. Raghunanda K., Read W.J., Rama D.V.: Audit committee composition, 'gray directors', and interac-tion with internal auditing. "Accounting Horizons" 2001, Yol. 15, No. 2.
  12. Scarbrough D.P., Rama D.V., Raghunanda K.: Audit committee composition and interaction with internal auditing: Canadian evidence. "Accounting Horizons" 1998, VoI. 12, No. 1.
  13. Spira L.F.: Ceremonies of Governance: Perspectives on the role of the audit committee. "Joumal of Management and Govemance" 1999, Yol. 3.
  14. Audit Committee Combine Code Guidance, ihttp://www.football-research.org/docs/smithreport-30-01-03.pdf (January 2008).
  15. Tiner J.: Financial services sector regulation and internal audit. Speech at Risk Conference, 22 Septemer 2005, available from: http://www.fsa.gov.uk/pages/Library/Communicadon/Speeches/ 2005/0922Jt.shtml ( August 22,2007).
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ISSN
1640-6818
1733-2842
Language
eng
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