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Internal Audit Function Quality and Firm’s Investment Efficiency: A test of Input-Process-Output Theory
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Yassaman Khalili   , Mehdi Safari Gerayli * , Abdolkhalegh Khonaka , Abolfazl Momeni Yanesari |
| Associate professor, Department of Accounting, Bandargaz Branch, Islamic Azad University, Bandargaz, IRAN. |
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Abstract: (420 Views) |
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. Therefore, the information provided by the high quality internal audit unit is considered as an important input for managerial investment decision-making. In this regard, the present study was conducted with the aim of investigating the relationship between the internal audit function quality and firm’s investment efficiency. to do so, a sample of 132 firms listed in Tehran Stocks Exchange during the time period 2018 – 2022 was selected and the research hypothesis was empirically tested using the multivariate linear regression analysis. the research findings in line with the input-process-output theory reveal that the higher the internal audit function quality, the more the firm’s investment efficiency.
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| Keywords: internal audit function quality, investment efficiency, investment decisions |
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Full-Text [PDF 403 kb]
(88 Downloads)
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Type of Study: Research |
Subject:
Auditing
Received: 2023/05/10 | Accepted: 2023/10/4 | Published: 2024/03/10
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