ABSTRACT
The major purpose of this study
is to examine the impact of internal control and corporate governance on audit
fees. If an organization has strong internal control and corporate governance
it will require fewer and less extensive audit procedures to obtain a
reasonable level of assurance regarding the audited statements, thus reducing
audit fees accordingly. This study covered a sample of 120 respondents drawn
from four selected organizations in Abia state, Nigeria. To achieve the
objective of the study, the data collected from the questionnaires were
analyzed using simple percentage method, while the hypothesis testing was
conducted using the chi-square and they were tested at 5% level of significance
and 95% level of confidence. The result of the research work meets the
empirical expectation that corporate governance and internal control have positive
effect on the audit fee. The researcher after the analysis and interpretation
was convinced that when internal control of an organization is effective, it
will help the organization to generate a reliable financial report. The
findings also revealed that effective corporate governance of an organization
influence the audit process, but when the corporate governance of an
organization is weak, the effect on audit fee is negative. This is to say that
there is significant relationship between effective corporate governance and
audit fees. Also the study recommended some import steps in line with the above
stated findings: That every organization should have an effective and reliable
internal control and corporate governance of an organization should critically
involve in the process of audit fee negotiation.
MICHAEL, U (2021). Impact Of Internal Control And Corporate Governance On Audit Fee (A Study Of Selected Organizations In Abia State). Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-internal-control-and-corporate-governance-on-audit-fee-a-study-of-selected-organizations-in-abia-state-7-2
UNIVERSITY, MICHAEL. "Impact Of Internal Control And Corporate Governance On Audit Fee (A Study Of Selected Organizations In Abia State)" Mouau.afribary.org. Mouau.afribary.org, 28 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-internal-control-and-corporate-governance-on-audit-fee-a-study-of-selected-organizations-in-abia-state-7-2. Accessed 27 Nov. 2024.
UNIVERSITY, MICHAEL. "Impact Of Internal Control And Corporate Governance On Audit Fee (A Study Of Selected Organizations In Abia State)". Mouau.afribary.org, Mouau.afribary.org, 28 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-internal-control-and-corporate-governance-on-audit-fee-a-study-of-selected-organizations-in-abia-state-7-2 >.
UNIVERSITY, MICHAEL. "Impact Of Internal Control And Corporate Governance On Audit Fee (A Study Of Selected Organizations In Abia State)" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-internal-control-and-corporate-governance-on-audit-fee-a-study-of-selected-organizations-in-abia-state-7-2