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Identifier to cite or link to this item: https://hdl.handle.net/10086/18676

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Title	Economic Transition, Firm Organization, and Internal Control Determinants of Audit Structure in Russian firms
Creator	Creator Name Iwasaki, Ichiro Iwasaki, Ichiro 岩﨑, 一郎岩﨑, 一郎イワサキ, イチロウイワサキ, イチロウ Affiliation Affiliation Name Hitotsubashi University
Editor	Contributor Name Russian Research Center, Institute of Economic Research, Hitotsubashi University Affiliation Affiliation Name Hitotsubashi University
Key Word	audit structure
	board composition
	business integration
	foreign investment
	economic transition
	Russia
JEL	G34
	K22
	L22
	M42
	P31
	P34
Abstract	With a unique dataset of joint-stock companies, this paper aims to thoroughly describe the corporate audit structure in transition Russia and empirically analyze its determinants. When compared to the international standard, Russian firms have a weak audit structure in terms of the independence and expertise of the board of auditors and the accounting auditor. We found that board composition, affiliation with a business group, and presence of foreign investors are the most important factors determining the audit structure of Russian firms. The scope of the impact of these three factors, however, differed considerably with each other. We also found that government ownership, company size, fund procurement activities, and overseas advancement also have statistically significant impacts on the corporate audit structure in Russia.
Description	This paper is the product of a Japan-Russia joint research project entitled “Corporate Governance and Integration Processes in the Russian Economy” launched by the Institute of Economic Research, Hitotsubashi University (Tokyo), and the Institute for Industrial and Market Studies, State University - Higher School of Economics (Moscow).
Publisher	Russian Research Center, Institute of Economic Research, Hitotsubashi University
Issued Date	2010-09
Language	English(eng)
Resource Type	technical report
Version Type	NA
Is Part OfRelation -	Related Title RRC Working Paper Series ; No. 27
Relation	Related Title This version has been revised. The new version is available at http://hdl.handle.net/10086/25471
ISSN	1883-1656
Appears in Collections	RRC Working Paper Series
URL	https://hdl.handle.net/10086/18676