3. Internal Audit Characteristics and Firm Performance
3.1 Qualifications of the Chief Audit Executive and Firm Performance
In today’s dynamic business environment, it is imperative that internal auditors are qualified
as they should be thorough in their knowledge of business, systems, developments and other business
topics. They should be able to decipher what works and what doesn’t, the strengths, weaknesses of
standards, code systems and procedures (Hala, 2003; Clikeman, 2003). In addition, the high quality
profession of a chief audit executive is to improve the quality of audit and hence, the current study
measured this variable through the questionnaire