TheModeratingEffectofAuditCommitteeMeetingsonTheRelationship Between Internal Auditors’ Attributes and FinancialSustainability

TheModeratingEffectofAuditCommitteeMeetingsonTheRelationship Between Internal Auditors’ Attributes and FinancialSustainability

Auditcommitteemeeting,internalauditorindependence,internalauditsize,internalauditor competence, financial sustainability

The study aimed to establish the moderating effect of audit committee meetings ontherelationshipbetweeninternalauditors’attributesandfinancialsustainabilityofmunicipalities. The study used census balanced panel data design and survey approach. Theprimary data was collected through 621 structured questionnaires distributed to chief auditexecutives and board of directors and audit committee chairpersons in 207 out of the 260municipalities.ThesecondarydatawascollectedfromtheAuditorGeneral’sreport.Thestudy used panel data comprising both cross section and time series. The study sampledobservations for a five-year period (from 2016 to 2020) with 1035 observations for 207municipalities. Data collected were analysed using partial least square-structural equationmodelling.Thefindingsindicatedthatauditcommitteemeetings,internalauditorindependence, internal audit size with the exception of internal auditor competence, havedirect significant influence on financial sustainability. However, audit committee meetingsfailed to significantly moderate the relationship between internal auditors’ attributes andfinancialsustainability.

JosephKwasiAgyemang1, CameronModisane

https://dinastipub.org/DIJEFA/article/view/2036/1445

UniversityofSouthAfrica

10thNovember2023

jagyemang@uniswa.sz

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