The influence of internal audit function quality, audit committee effectiveness on the audit report lag : empirical evidence from Jordan

Abstract EN

This paper examines the association of the internal audit function and audit committee with audit report lag.

We posit that companies with a high internal audit function quality and effective audit committees have a shorter audit report lag.

We use a composite measure of internal audit function and audit committee.

Data was obtained from 87 respondents (internal auditors) of listed companies in Amman Stock Exchange (ASE) in Jordan and annual reports of the respective firms for the year 2009.

Ordinary Least Square (OLS) regression analysis shows high quality of internal audit function and effective audit committees are associated with shorter audit report lag.