Impact of the internal audit on the reduction of information asymmetry: an empirical study on Moroccan companies

Abstract

The information asymmetry theme has recently taken an unprecedented scale in the business political and academic world; the novelty of the subject doesn’t lies neither in the appearance of the problem nor in its content but in the globalization of stock exchange operations; the multiplication of business on the main Anglo Saxon ; European and Moroccan exchange  led legislators and economic actors to examine  the roles of internal audit and internal control in reducing asymmetry of information  

This work  seek to present  in the first part the problem of asymmetry  of information  in transactions as was posed by  AKarlof 1970; in one of  pioneering articles in this field; in this case the author based on the market for second- hand cars where the potential buyer contrary to the seller; is in a situation of asymmetry of information  by transporting the analysis into the context of the company this situation led us to propose internal control and internal audit as two ,mechanisms for reducing the information asymmetry in Moroccan companies

In the second empirical part we compared our reflections with the terrain and based in a quantitative study of a sample of fifty nine companies in order to better understand; to explore and answer the following question; does internal control and internal audit effectively contribute to the reduction of information asymmetry In Moroccan companies?