Corporate governance, shariah compliance and audit fees of Malaysian public listed companies

The purpose of this study is to examine the relationships between a set of corporate governance variables, including the board, audit committee and internal audit, and external audit fees in Malaysia. This study hypothesizes that companies with better corporate governance, characterized by more effective board and audit committee, are likely to demand for higher quality audit. Companies that recognise the importance of internal and external audits as complimentary mechanisms to strengthen corporate governance are likely to invest higher in both internal audit and external audit.