Title:
AUDIT COMMITTEE AS DETERMINANT OF INTERNAL AUDIT FUNCTION EFFECTIVENESS: EMPIRICAL EVIDENCE OF LISTED COMPANIESIN TANZANIA

Authors:
Antipas Deogratias Francis Massawe, Abdiel Abayo and Salvio Macha

Abstract:
The objective of this study is to examine the effects of audit committee on internal audit function effectiveness of listed companies in Tanzania. The agency theory produced a framework that guided this study. Data for the study were collected through a cross-sectional survey questionnaire from DSE top management members, board of directors and members of audit committees. Partial Least Square Structural Equation Modeling (PLS-SEM) was used for data analysis. The study reported R2 of 0.506 implying that audit committee explained 50.6% variation in dependent variable, internal audit function effectiveness. The study observed thataudit committee is significantlyassociated with internal audit function effectiveness of listed companies in Tanzania