Variables | |||
No. | Internal Audit Effectiveness (Dependent) | Poor Corporate Governance (Independent) | Good Corporate Governance (Independent) |
1. | Access to all records and personnel | Appointment of Board and Audit Committee members outside the provisions of the statutes | Availability of the Board Charter |
2. | CAE appointment and remuneration sanctioned by the board | Appointment of Board members without regard to qualifications, skills, and competencies | Availability of Code of Ethics |
3. | Clearance of the Audit Committee Agenda and varying the budget and Internal audit activities by the CEO without board authority | Permanent Secretary as Chairman of the Audit Committee |
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