ABSTRACT

The study examines the relationship between corporate governance mechanisms and audit risk in firms listed on the Tunisian Stock Exchange (TSE). The study covers the period 2006–2013. Panel regression analysis was used to estimate the relationship between corporate governance variables and audit risk. The results show that board size, board independence and institutional ownership were negatively related to audit risk. It is also discovered that audit risk index level increases as poor corporate governance. These findings may have important implications for analysts, investors, regulators and academics. First, the identifying factors that may influence the audit risk can help guide the reforms to improve the functioning of the financial market. Second, the study provides ample evidence of risk governance problems in the Tunisian market, highlighting the necessity of new corporate governance requirements. This study is unique in providing Tunisian evidence on the effect of corporate governance on audit risk. This paper is also relevant as it develops an index of audit risk and risk corporate governance.

摘要

该研究考察了在突尼斯证券交易所 (TSE) 上市的公司的公司治理机制与审计风险之间的关系。该研究涵盖 2006 年至 2013 年期间。面板回归分析用于估计公司治理变量与审计风险之间的关系。结果表明，董事会规模、董事会独立性和机构所有权与审计风险呈负相关。还发现审计风险指数水平随着公司治理不善而上升。这些发现可能对分析师、投资者、监管机构和学术界具有重要意义。首先，识别可能影响审计风险的因素有助于指导改革以改善金融市场的运作。其次，该研究提供了突尼斯市场风险治理问题的充分证据，强调新的公司治理要求的必要性。这项研究在提供关于公司治理对审计风险影响的突尼斯证据方面是独一无二的。本文还具有相关性，因为它制定了审计风险和公司治理风险指数。