Consistent with the above is Hutchinson and Zain (2009) who aimed to explore the relationship
between internal audit quality (audit experience and accounting qualification) and firm performance
(ROA) in Malaysia. The data were collected by a mail questionnaire among public listed companies in
Malaysia during the period 2003. The results showed a strong relationship between internal audit
quality and firm performance with opportunities of high growth and that this positive link is decreased
by the increasing independence of audit committee. This study preferred an independent audit
committee.