The new study named „Audit committee chair overlap, chair expertise, and internal auditing practices: Evidence from Malaysia“ by Wan-Hussin, Fitri, and Salim (2021) adds to the sparse literature on audit committee leadership.
It examines internal audit outcomes when AC chairs overlap. They use annual reports from 2014 for a sample of the top 100 nonfinancial firms in Malaysia.
They find that overlapping AC chairs are related to poor internal audit practices. For example, there is a lack of disclosure of compliance with the International Professional Practices Framework (IPPF). In addition, the financial expertise of the AC chair can be associated with certain auditing practices.
Access the study here.