3.3 Experience of the Internal Audit and Firm Performance
The third value of IAC is experience of internal audit. When a person has many years of
experience, he/she can make a right decision, decide fast and deal with any situation. This variable is
measured by the number of years the members have gathered through a questionnaire that is sent to
every firm by email.
Consistent with the resource dependence theory and its proponents, expert individuals help in
firm growth because they have a clear insight about how to deal with process and accomplish their
tasks with superior quality. And when the firm provides a board with high experts, they help to
understand external environment and as a result, will improve performance of companies.