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Cognizant of the growing importance of internal control as a corporate governance mechanism in organizations, this paper investigates factors that are associated with internal audit effectiveness. Additionally, this paper also investigates the relationship between internal audit effectiveness...
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more effective. We posit that CEO power reduces or even eliminates the improvements in audit committee effectiveness … resulting from independent and financially expert committee members. Thus, CEO power may result in an audit committee that … appears effective in form but is not in substance. We construct a composite index for CEO power by combining ten CEO …
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