Economic Transition, Firm Organization, and Internal Control Determinants of Audit Structure in Russian firms
Economic Transition, Firm Organization, and Internal Control Determinants of Audit Structure in Russian firms
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发表时间：
2010-09
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通讯作者：
I. Iwasaki
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作者：
I. Iwasaki
本文以俄罗斯股份制企业为研究对象，对转型期俄罗斯企业审计结构进行了全面描述，并对其影响因素进行了实证分析。与国际标准相比，俄罗斯公司的审计结构在审计委员会和会计审计员的独立性和专门知识方面薄弱。我们发现，董事会的组成，与企业集团的联系，以及外国投资者的存在是最重要的因素，决定俄罗斯公司的审计结构。然而，这三个因素的影响范围彼此有很大差异。我们还发现，政府所有权，公司规模，资金采购活动，海外发展也有统计上显着的影响，在俄罗斯的公司审计结构。
With a unique dataset of joint-stock companies, this paper aims to thoroughly describe the corporate audit structure in transition Russia and empirically analyze its determinants. When compared to the international standard, Russian firms have a weak audit structure in terms of the independence and expertise of the board of auditors and the accounting auditor. We found that board composition, affiliation with a business group, and presence of foreign investors are the most important factors determining the audit structure of Russian firms. The scope of the impact of these three factors, however, differed considerably with each other. We also found that government ownership, company size, fund procurement activities, and overseas advancement also have statistically significant impacts on the corporate audit structure in Russia.