The Effect of the Board of Directors and Audit Quality on Disclosure of Internal Control Practices: Evidence from European Companies

作     者：Jamel CHOUAIBI Mounia BOULHAGA 

作者机构：University of SfaxSfaxTunisia 

出 版 物：《Journal of Modern Accounting and Auditing》 (现代会计与审计（英文版）)

年 卷 期：2020年第16卷第4期

页      面：171-189页

学科分类：0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学] 

主　　题：board of directors disclosure of internal control audit quality STOXX 600 Board independence CEO duality Introduction 

摘      要：The purpose of this paper is to examine the effect of the board of directors,namely board size,board independence,and CEO duality,as well as audit quality on the disclosure of internal control *** sample consists of 164 European companies listed in the STOXX Europe *** on positive agency theory,the authors posit that board of directors and audit quality influence corporate internal control disclosure *** content analysis and the design of the evaluation criterion were used to calculate the disclosure index of internal ***,multiple regression analysis is utilized to analyze the results of this *** average internal control information disclosure index was 0.285,indicating that most of the companies in our sample do not disclose enough information about the internal *** low level of forward-looking information disclosure makes it very difficult for corporate stakeholders to determine the future performance of the *** results indicate that internal control disclosure is positively and significantly associated with board independence,CEO duality,and audit *** study contributes to the literature on the various governance characteristics and disclosure by showing that the disclosure of internal control information in European countries is positively and significantly associated with board independence,separation of duties,and audit *** study was based on a sample of European companies including countries regulating IC disclosure as well as unregulated *** noted by Bedard and Graham(2014),regulatory differences in countries can contribute insights on the costs and benefits of *** also have policy implications for investors,managers,and regulators.