The Influence of External Auditor on Corporate Governance: Evidence from Guaranty Trust Bank of Rwanda
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 9
Abstract
This study investigated the influence of external auditor on corporate governance of Guaranty trust bank in Rwanda. the study has four objectives which determined how audit report, audit size and audit hours influence corporate governance of Guaranty trust bank in Rwanda and the audit fees have the negative influence on corporate governance. The study adopted a descriptive research designed which assisted to examine the influence of external auditor. the population of the study was 137 composed by the senior manager, accountant, customers and internal auditor of Guaranty trust bank in Rwanda; and sample size was 135 but only the respondent to the questions asked. They key result for this research were showing that audit report, audit size and audit hours do have the influence of corporate governance since the majority of respondent have agree the influence of external auditor while the audit fees do not have the influence of external auditor the majority of respondent have disagree the influence of external auditor variables on corporate governance of Guaranty trust bank. The data was then well examined and checked for completeness and comprehensibility. After check the data was coded and analyzed by the use of descriptive statistics using SPSS. Data was analyzed by multiple linear regression analysis. Findings of the study indicate that the influence of external auditor on corporate governance is positive and not significant and the greater the degree of auditor report, audit size and auditor hours the greater the tendency of a bank making substantial performance. The impact of auditor fees was also positive and significant, although, its impact was lesser that of auditor report, auditor size and audit hours. The analysis of variance has shown that external auditor variables are not significant predictors to explain the increase of the influence represented by CEO duality, board meeting and board composition since the p value was 0.19 respectively. This research has concluded that there is no influence between external auditors using auditor report, audit size; audit hours as well as audit fees are not predictors of corporate governance.
Authors and Affiliations
YuSheng Kong, Christophe Shyaka
Keywords
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- EP ID EP412461
- DOI 10.9790/487X-2009023745.
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