Audit committees from the perspective of the institutional governance of banks and the possibility of activating their role in joint auditing (A comparative study)
DOI:
https://doi.org/10.25007/ajnu.v10n1a1079Abstract
This research aims to explore the extent of discrepancy or convergence between the Audit Committees Manual issued by the Financial Reporting Council (FRC) in the United Kingdom, and the Institutional Governance Manual for Banks issued by the Central Bank of Iraq, with regard to audit committees, through a comparative study of the two manuals, with the aim of benefiting from the experience of The United Kingdom in the field of audit committees and their evidence, with a focus on the role of these committees in the issue of external auditing, and the research aims to identify the reality of the audit committees in private Iraqi banks in the Kurdistan Region / Iraq regarding the extent to which they meet the specifications, tasks and powers to perform their role in External audit, and finally an exploration of the areas through which it is possible to activate the role of these committees in the joint audit that is applied in these banks, and through the comparative study it was found that there is a discrepancy between the FRC manual and the Central Bank of Iraq guide, and it was also found that the banks, the research sample, need to be made. More efforts to improve the reality of audit committees in them, and that there are many areas in which the role of audit committees can be activated in the field of joint auditing.
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1.1.8القوانين والأنظمة والوثائق الرسمية
1. البنك المركزي العراقي، دليل الحوكمة المؤسسية للمصارف، بغداد، 2017.
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2.1.8الرسائل والأطاريح
1. عبدالقوي، أبو بكر شداد، "أثر المراجعة المشتركة على تقرير المراجع الخارجي-دراسة تحليلية"، رسالة ماجستير في علوم المحاسبة،كلية التجارة، جامعة أسيوط، جمهورية مصر العربية، 2017.
3.1.8الدوريات
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4.1.8التقارير
1. مصرف أربيل للاستثمار والتمويل، البيانات والقوائم المالية للسنة المنتهية في 31/12/2017.
2. مصرف أربيل للاستثمار والتمويل، البيانات والقوائم المالية للسنة المنتهية في 31/12/2018.
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7. مصرف كوردستان الدولي الإسلامي للاستثمار والتنمية، التقرير السنوي، 2018.
5.1.8الكتب
1. أرينز، ألفين، و لوبك، جيمس، المراجعة: مدخل متكامل، ترجمة د.محمد الديسطي، دار المريخ للنشر، الرياض، 2002.
2.8 المصادر باللغة الأجنبية
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6. Stewart, Jenny and Munro, Lois, " The Impact of Audit Committee Existence and Audit Committee Meeting Frequency on the External Audit: Perceptions of Australian Auditors", International Journal of Auditing, No. (11), 2007.
8.2.2 Reports & Professional Issues
1. FRC, Guidance on Audit Committees, The Financial Reporting Council limited, U.K, 2016.
2. FRC, The UK Corporate Governance Code, The Financial Reporting Council limited, U.K, 2018.
3. ISCA, Audit Guidance Statement No.10 "Joint Audits", Singapore, 2015.
4. Ratzinger-Sakel, N., Audousset-Coulier, S., Kettunen, J., and Lesage, C., " What Do You Know About Joint Audit", The Institute of Chartered Accountants of Scotland, 2012.
8.2.3 Books
1. Waweru, Nelson M. and Kamau, Riro G.,"Audit Committees and Corporate Governance in a Developing Country", ATKINSON: Faculty of Liberal and Professional Studies, 2004.
8.2.4 Internet
1. McCance, Danny,"UK’s largest firms divided on joint audits", Available at: https://economia.icaew.com/news/january-2019/uks-largest-firms-divided-on-joint-audits, Accessed: 19/1/2020, 2019.
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