Internal Audit - Science topic

The study aims to explore the creative accounting methods and practices used in Libyan commercial banks, and then to identify the effectiveness of the internal audit function in limiting these methods and practices. To achieve the aims of the study, the descriptive analytical approach was relied upon, and the questionnaire was used to collect infor...

The overall objective of this study was to examine factors affecting the effectiveness of internal audit of selected public institutions in Hargeisa Somaliland. Explanatory research design has been used with primary data by employing quantitative research method. The quantitative research method was used through 115 usable self-administered questio...

This study aimed to evaluate the performance of the internal audit function in Libyan banks and to explore the role of demographic information in determining this evaluation. It provides an insightful look into the performance and this relationship through the opinions of the respondents. The study utilized a quantitative descriptive-analytical app...

The quality of financial reports is a measure of the extent to which a company's financial reports meet various characteristics and attributes that are considered important. In this research, the author uses a quantitative research approach. It has the systematic nature of field research. The types of data for this research are primary data and sec...

Purpose: Present a conceptual model for the adoption of technological tools in continuous audit projects. Design/methodology/approach: This research is constituted from the perspective of a qualitative approach with a descriptive nature, divided into two phases. In the first phase, a Systematic Literature Review was conducted focusing on technologi...

Organizations that develop and deploy artificial intelligence (AI) systems need to manage the associated risks—for economic, legal, and ethical reasons. However, it is not always clear who is responsible for AI risk management. The three lines of defense (3LoD) model, which is considered best practice in many industries, might offer a solution. It...

In this digital era, where every organisation heavily relies on information technology (IT) for its daily operations, ensuring good IT risk management through Information Technology Risk Governance (ITRG) becomes crucial. The risks emerging from this dependency are diverse and complex, ranging from cybersecurity threats to IT system failures to dat...

The purpose of this study was to determine the identification of the effectiveness of internal audit quality in the North Sumatra government. The research data were obtained from questionnaires sent to respondents, namely auditors in the provincial and district / city regional directorates in North Sumatra. A total of 130 usable questionnaires were...

Los contextos disruptivos afectan las formas de desarrollar las actividades de las organizaciones, sea por efecto de una pandemia como el COVID-19 o por la disrupción tecnológica que va jugando un papel más preponderante en el mundo de los negocios, la producción y los servicios profesionales. En este estadío, se ven afectadas, no sólo la gestión d...

In increasingly complex and dynamic business developments, this research analyzes the strategic role of internal auditors in assessing risk governance in an organization using the ISO: 31000 enterprise risk management approach and its implications for corporate performance. The assurance process carried out by internal audit can use the three-line...

This research was conducted due to the prevalence of fraud, despite several preventative regulations. The phenomenon of fraud persists in all fields, including state university education. This is quantitative research with a population of 122 internal auditors at state universities to analyze the role of internal audit and transformational leadersh...

This qualitative study delved into the complex role of internal audit practices in various Philippine institutions. The research aimed to illuminate the qualitative aspects shaping internal audit's importance. Ten participants from governmental bodies, private corporations, non-profits, and financial institutions were interviewed, providing insight...

Public Finance Management (PFM) practices influence the attainment of health system goals. PFM processes are implemented within the budget cycle which entails the formulation, execution, and monitoring of government budgets. Budget monitoring and accountability actors, structures, and processes are important in improving the efficiency of health sy...

This study examines the unethical behaviours and errors of local governments (LGs) and their impact on public authority governance. It uses a descriptive and analytical approach and a qualitative method for data collection, based on in-depth interviews, internal reports, and relevant national and international laws and practices. The study suggests...

The present research investigates the impact of Internal Cash Audit on the Internal Control of Cash Expenditure within a poultry farming enterprise in Bandung. This study aims to examine and assess the impact of Internal Cash Audit on the Internal Control of Cash Expenditure within the broiler chicken farming industry. The research methodology empl...

Financial fraud, encompassing activities like embezzlement and misappropriation of assets, poses a substantial threat to businesses, potentially leading to financial losses, legal consequences, and the erosion of stakeholder trust. The study explores the critical realm of internal control mechanisms within organizations, particularly focusing on th...

Le secteur agroalimentaire de la région Souss-Massa constitue un pilier économique essentiel, contribuant de manière significative au développement de cette région. Dans ce contexte, la question de la performance financière des entreprises opérant dans ce secteur revêt une importance particulière et les enjeux sont multiples. Cependant, pour compre...

Purpose – This study aims to examine the current state-of-the-art foundation, organization, role, processes, and functioning of internal audit (IA) within Croatian hotel companies in order to suggest improvements. Design/Methodology –qualitative research was conducted using a questionnaire distributed to Croatian hotel companies that quote their st...

Multi-Billion Dollar ADANI GLOBAL SCAM 8 Nov 2023 The FINANCIAL CRIMES of the ADANI Group include the following: Fudging of books, hoarding, tax evasion, money laundering, politically exposed persons, Person-name change, Business entity name change, (in the context of financial crimes), use of shell companies, 3rd party transactions, violating U.N....

The aim of the study is to highlight the importance of internal control in boosting business efficiency is highlighted by the current study. Internal control is the cornerstone on which the business depends to ensure that operations are effective and efficient, that information is of high quality, and that laws, rules, and policies are being follow...

The role of small and medium-sized enterprises (SMEs) in the modern economy is crucial, and they have emerged as the most alluring and inventive system. To investigate and assess SMEs’ operations, internal auditing was formed as an independent assessment. Internal auditors’ planning and implementation of a quality program of internal audits can res...

The Pakistani banking sectors facing numerous challenges because of poor internal audit quality. Internal audit quality has long been a source of contention. The current study examines the factors that affect internal audit quality in Pakistani commercial banks. Internal audit quality evaluated through potential factors such as competence, objectiv...

Auditor's self-efficacy is a feature arising from social cognition theories, leading to strengthening the internal audit quality as an effective factor of auditing's professional functions. This issue increases professional ethics in auditors. The present study investigates the effect of self-efficacy and professional ethics on the internal audit q...

K E Y W O R D S Through this research, we seek to demonstrate the role of the relationship between electronic auditing and outsourcing internal auditing in supporting auditing strategies for the opinions of a sample of companies operating in Iraq, and to identify the nature of the correlation and influence relationships between the research variabl...

The development and transformation of information systems has led to the realization of almost all business activities in the electronic environment today. Internal audit departments also benefit from this digital transformation in companies. Thanks to the advantage of the use of information technologies in business processes by the relevant units...

It is widely acknowledged that internal audits should have a value-adding component for all types of companies. This study systematically investigated the effect of internal audit function on the market value of public listed companies in Indonesia. The panel data technique used was based on the data extracted from 44 listed companies over five yea...

This study explores the relationship between the internal audit function's efficiency and the degree to which external auditors rely on its output. To gather data, a sample of 70 senior external auditors of publicly traded companies in the Republic of Yemen was chosen on purpose. Data was gathered via a questionnaire, and least partial structural e...

Money laundering poses a significant challenge globally, involving using cash to conceal the origins of funds. With the rise of digitalisation and the adoption of financial technology (FinTech), the financial sector has been compelled to adapt to these changes. The COVID-19 pandemic has further accelerated the use of FinTech services, including dig...

En la actualidad, para competir en el mercado las empresas necesitan ofrecer productos y servicios que satisfagan las exigencias y requerimientos de los clientes. Para esto deben contar con un control eficaz y eficiente de manera que puedan ser competitivos en todos los ámbitos y especialmente en el financiero. El objetivo de este artículo es indag...

Corruption is a global issue that poses a significant threat to democracy and sustainable development goals (SDGs). It involves the exploitation of authority for personal benefits, including bribery, coercion, and favouritism. In South Africa, corruption in public institutions negatively impacts service delivery, such as clean water, sanitation, el...

O objetivo deste trabalho é identificar a existência e a institucionalização da atividade de auditoria interna executada pela Controladoria-Geral do Estado do Rio de Janeiro, a partir da aplicação do modelo Internal Audit Capability Model.Trata-se de um estudo descritivo-exploratório, realizado por meio de estudo de caso. Os resultados demonstraram...

Internal audit receives different interpretations among professionals. Currently the functions of internal audit have expanded so much that they have penetrated into the field of consulting, management and evaluation of business results. As a result, operational, managerial and performance audit functions have been put into practice, which in their...

In 2008, the Malaysian Qualifications Agency (MQA) developed the Code of Practice for Programme Accreditation (COPPA) as a standard guideline for Higher Education Providers (HEPs) in Malaysia. The COPPA ensures HEPs fulfill their mission and goals, identify areas of strengths and concerns, and improve quality. The Academic Performance Audit (APA) i...

The construction of a democratic state is unthinkable without proper and effective management and state financial and economic control. "Governance" and "good governance" can be introduced through effective, coordinated and consistent decision-making that ensures transparency, accountability, cooperation and professionalism in the state. This is im...

Financial auditing has traditionally been regarded as a tool for verifying the truthfulness of accounting statements published by organizations. Currently, accounting reports present not only financial, but also information disclosures, related to sustainable development of entities, which also require assertion assessments by the audit. The articl...

Serving Two Masters: Does CEO Openness Moderate the Relationship Between Audit Committee Support and Internal Auditors' Effectiveness? Ugandan Evidence David Nyamuyonjo, Makerere University Business School, Uganda Moi University, Eldoret, Kenya Email: dnyamuyonjo@mubs.ac.ug, dnyamuyonjo@gmail.com Daniel Kipkirong Tarus and Joyce Komen Moi Universit...

In the current economic landscape characterized by a decelerating domestic economy, rising investments, and an extended project construction timeline, power generation enterprises must enhance their internal audit efforts to sustain their competitive edge in business development. Addressing systemic shortcomings methodically and practically can enh...

The effectiveness of internal auditing, particularly when it is tightly aligned with risk management frameworks, compliance standards, and strengthened internal controls, attracts substantial attention worldwide, particularly from governing authorities. This attention is directly derived from the distinct operational role that government sectors ha...

This study provides a systematic review of the literature on internal auditing (IA) research in 17 Arab countries. It focuses on four key aspects, namely the quality and effectiveness of IA, the objectivity and independence of IA, the consequences of IA, and the challenges facing IA in Arab countries in order to provide insights and avenues for fut...

Internal auditing has been an elementary and powerful component of corporate governance in business strategies. It is highly acknowledged as an important business control system in the realm of quality management. Business performance does not come by itself; it needs plenty of aids and capabilities. Existing studies have investigated the business...

The study aimed to identify a set of requirements that are supposed to be met in a way that enables the internal auditor to perform his role effectively as an independent guarantee provider for the Board of Directors for a set of controls and measures for cybersecurity and what can contribute to achieving its efficiency and effectiveness, through a...

To better monitor and control risks, businesses may use risk-based internal audit (RBIA) practices. It also increases transparency and honesty in the financial reporting process. The Western Region and Kenyan Deposit Taking Savings and Credit Cooperatives (DT-SACCOs) are the primary subjects of this research. Despite having an audit department in p...

This research aims to empower Nepalese and Bangladeshi microfinance institutions (MFIs) to strengthen their microfinance governance. By contrasting the governance structures of MFIs in Bangladesh and Nepal, the study focuses on the corporate governance aspect of MFIs for sustainability. This study adopted an interpretive methodology and a qualitati...

Purpose: The main objective of the research was to investigate the role of ICT risk management on reduction of insider frauds in the Kenyan banks in Nairobi County. The research explored ICT risks management practices incorporated in the banking industry to mitigate and control insider fraud. Methodology: Explorative research design and inferential...

The value of auditing as an instrument of accountability depends upon the independence of auditors. However, the extent to which auditors feel free to review the operation, compliance, and performance of public programs and objectively communicate findings to stakeholders has rarely been assessed. A Canadian public service reform in 2006 introduced...

Background National Medicines Regulatory Authorities like the Pharmacy Board of Sierra Leone are responsible for protecting and promoting public health, implementing rigorous regulatory standards, and maintaining an assured supply of medical products that are safe, effective, and of good quality. This retrospective study assesses the quality improv...

This paper attempted to look at the relevance of the audit committee in public universities of Ghana. The target population of the study was the Directorate of Internal Audit staff and other administrative staff at the Central Administration of the University. The method of selection was by simple random sampling and the instrument used was a quest...

In implementing supervisory duties, internal auditors must have capabilities that consist of capacity, authority, and competency. The level of capability is measured using six elements of the Internal Audit Capability Model. This study aims to determine the efforts to strengthen the Inspectorate General of Ministry X in achieving level 4 capability...

This research stems from the enormity of the threat of fraud that can be experienced by any company so it is considered a risk inherent in every company, especially the banking industry. This is shown in the report published by the Association of Certified Fraud Examiners (ACFE) in 2022 which recorded 2,110 cases of fraud in 133 countries across va...

The performance of an internal audit department must function in a manner that is in accordance with applicable professional standards such as Standards for the Professional Practice of Internal Auditing (SSPIA 2000) and the quality of the internal control systems. For the purpose of this research the researcher sought to determine the impact of in...

The study aimed at audit practices and managing fraud in organizations with a case study of top rank consults, kampala and it was guided by the following objectives; To analyze the effect of internal auditing on fraud management at Top Rank Consult Services Uganda Ltd, to analyze the role of external auditing on fraud management at Top Rank Consult...

The study aimed at internal audit activities and organizational performance with a case study of centenary bank and it was guided by the following objectives; To examine the relationship between risk assessment and organizational performance of Centenary Bank, to find out the role of quality management on organizational performance of Centenary Ban...

The performance of an internal audit department must function in a manner that is in accordance with applicable professional standards such as Standards for the Professional practice of Internal Auditing and the quality of the internal control systems. This study looks at the internal auditing practices and performance of internal audit departments...

The auditor will charge the audited firm a fee, called the "audit fee," in exchange for doing the audit. the fee charged by the auditor for conducting an audit is impacted by diverse aspects like the intricacy of the assignment, the expertise required to carry it out, the fee structure of the knowledge acquisition program (KAP) and other pertinent...

Abstract: One of the essential internal controls that public technical and vocational training institutions utilize to manage their resources for the benefit of their stakeholders is internal audit independence. A report from the Auditor General has established numerous cases of misuse of public funds where institutions have failed to account for...

Revenue business processes are the primary key for a company to generate profits as a financial performance target. In its implementation, it must be supported by a clear internal audit function and accounting information system with an effective level of control in all business processes to produce accurate and quality data or information, as well...

The study aimed at audit practices and financial records management and it was guided by the following objectives; To examine the types of internal controls applied by the organization for the growth of opportunity bank in Kampala, to establish the contribution of internal auditing practices towards the growth of opportunity bank, to investigate ho...

The Digitalization era shows increasing application developments, both at the individual, group, and corporate levels. One of the corporations or companies involved in this Digitalization development is PT Pelindo Terminal Petikemas. The need for auditing activities arises to ensure that the company's business processes comply with regulations and...

The purpose of this study is to provide empirical evidence of the partial effect of the implementation of risk management and internal audit variables on the risk of bad credit at BNCTL. The population in this study were all 123 BNCTL Credit Analysis Managers and Staff. The samples used in this study were 123 BNCTL Credit Analysis Managers and Staf...

This review means to test the speculation of the impact of representative work fulfillment, hierarchical correspondence, authoritative rivalry, and initiative style on the interior review of HR. The populace in this study were all workers at PT. Nusantara VII Plantation Baturaja Unit. The strategy in this study utilizes clear factual strategies, in...

The study aimed at evaluating the impact of internal audit activities on organizational performance and it was guided by the following objectives; To examine the relationship between risk assessment and organizational performance of Centenary Bank, to find out the role of quality management on organizational performance of Centenary Bank and to eva...

The study aims to demonstrate the ability and potential of Iraqi educational bodies in general and the Baghdad Directorate of Education, the third Rusafa / Internal Audit Division in particular, to achieve and develop sustainable management, by measuring the extent of their application to the International Standards for the Professional Practice of...

The transformation from the old approach (the waterfall) to the approach of agility by following agile financial, administrative, operational, cost and audit methods that ensure profitable and service sustainability for the company s. By employing financial measures aimed at correcting the financial, administrative and operational activities of the...

A feature of PFM/I reforms has been the adoption of international standards and the relevant international standards have been those developed by a US body called the Committee of Sponsoring Organisations (COSO). There are five standards. These standards are described in this chapter. However, in the opinion of author the adoption by most countries...

Purpose – This research aims to describe and analyze integrated Risk Management and Public Service at Public Sector Organizations Methodology/approach – The Study is a quantitative research approach that uses online-based data collection methods (e_ questionnaires) combined with interviews to get their views on integration risk management implement...

Internal auditing is a vital function within organizations, providing impartial and objective assessments of risk management, control processes, and governance effectiveness. Its role in offering insightful analysis and recommendations to enhance operational efficiency and reduce risks makes it a crucial determinant of management decision-making. T...

Purpose: The paper aims to present the image of internal auditors and its effect on internal audit effectiveness based on the results of a qualitative analysis of internal auditors' and auditees' narratives. Design/Methodology/Approach: in the article a critical literature review and a qualitative analysis of auditees' and internal auditors' narra...

Due to the uncertainty of the external economic environment and the changes caused by new technologies in the new era, there are still many deficiencies in the current financial statement audit. The use of new technology can optimize the audit process, reduce audit practice risks and improve audit efficiency. Therefore, it is necessary to study the...

Scientific relevance. One of the challenges associated with the development of medicines lies in creating a quality management system (QMS) and tools to assess its performance. Aim. The study aimed to propose a QMS model for the development of biotechnology-derived medicinal products and a performance evaluation tool for this QMS universally applic...

Background: Out of 7 people in the Internal Audit Unit (SPI) in a hospital, only 1 person is not concurrently serving as the Head of SPI. SPI is the main requirement in carrying out duties and can be a problem in the implementation of hospital internal audit policies by SPI and if this is left unchecked, the public services provided by the hospital...

This article analyzes the leader's management style effect on the relationship between personal factors and role conflict in the internal audit function. It sheds light on the factors per se regarding the presence of role conflict in internal audit, addressing the effects that various management styles of the audit leader can cause in the relations...

This article analyzes the leader's management style effect on the relationship between personal factors and role conflict in the internal audit function. It sheds light on the factors per se regarding the presence of role conflict in internal audit, addressing the effects that various management styles of the audit leader can cause in the relations...

The role of audit governance mechanisms as part of the corporate governance architecture has been promoted to ensure the integrity of the financial reporting process. In order to get insights on their effectiveness, this study investigates the effects of the audit governance mechanism, specifically audit committee, internal audit function and exter...

b> Introduction: Internal audit is one of the tools to ensure safety in patient care. Literature on the internal audit effectiveness (IAE) in patient safety is scarce in Saudi Arabia. This study therefore aimed to assess the factors which influence the IAE in patient safety. Methods: A cross-sectional study was conducted among primary healthcare ce...

Paydaşlarına gerçekleştirdiği çalışmalarla bağımsız ve tarafsız güvence ve danışmanlık hizmetleri sunan iç denetim birimlerinin uluslararası standartlar kapsamında hile riskine ilişkin bazı sorumlulukları bulunmaktadır. Bununla birlikte hile riskine yönelik paydaşlarının da iç denetim birimlerinden bazı beklentileri mevcuttur. Çalışmanın amacı hile...

Breast cancer is the most common cancer worldwide. In diagnostic centers offering mammography, periodic audit of medical archived procedures is an important component of a quality assurance program; this ensures optimal follow-up of positive cases and establishment of measures to combat any deficiencies. The study aimed to audit the record-keeping...

This study aims to examine the influence of independence, work experience, and professionalism of inspectorate auditors on quality of internal audit with role conflict as a moderating variable. This study tried to lift the conflicts that exist within the environment of goverment bureaucracy related to audit quality. The object of this experiment is...

Purpose: To determine the impact of the implementation of internal audit tasks in according to standard 2300, with its dimensions (identifying information, analysis and evaluation, documenting information, supervising the task) on the efficiency of the performance of industrial companies listed on the Amman Stock Exchange, and to achieve the object...

Today, in order to reduce the possible risks of the organization, an internal control system is established in any organization. In order to effectively organize internal control in budget organizations, it is necessary to take into account several factors that affect it. Factors affecting the internal control system are not only internal, but also...

This study aims to investigate the dominance of research with the paradigm of positivism in accounting, especially research related to the internal function of audit. The dominant paradigm in accounting research to date is the positivist paradigm. In internal audit, all things are not only seen from the facts that are on the surface and concluded d...

Audit quality is divided into internal audit quality and external audit quality, and the independence of the former has always been weaker than that of the latter. By selecting the two variables of internal audit outsourcing and executive power, combined with the method of empirical research, we compared the above two variables with audit quality....

The study was set to examine the impact of internal auditing on financial performance of commercial banks in Uganda. The objectives, to investigate the relationship between risk management and financial performance of centenary bank, to examine the relationship between control activities and financial performance of centenary bank, to assess the re...

The study aimed at the study on the impact of audit practices on managing fraud in organizations with a case study of top rank consults, Kampala and it was guided by the following objectives; To analyze the effect of internal auditing on fraud management at Top Rank Consult Services Uganda Ltd, to analyze the role of external auditing on fraud mana...

Universitas Negeri Semarang (UNNES) is one of the higher education institutions with legal status in Indonesia that has launched conservation. Therefore, every program implemented must be based on environmental preservation. This research examines the relationship between paperless policy and the internal audit system on environmental sustainabilit...

An effective internal auditor can support an organization in achieving its goals and protect its assets and funds. However, to be effective, the internal auditors need to be empowered with relevant resources. This study aims at probing the influence of the empowerments (management support, external auditors' collaboration, independence, size of int...

It is a fact that the world is not on track to meet the Sustainable Development Goals by 2030. The alarm bell is ringing. And yet, we do not seem to be hearing it loud and clear. Governance is more than the third letter of ESG, it is the overarching concept. The acronym ESG is misleading. New and Sustainable Corporate Governance, say Governance 2.0...

The focus of this study is to examine the correlation between the caliber of internal audit reports and the precision of financial reporting within Kenyan savings and credit cooperative societies (SACCOs). The accuracy of financial reporting is of paramount importance as it influences investment decisions and market efficacy. In view of SACCOs' lim...

This study aims to examine the effect of accounting information systems, internal audit and human resource competencies on the quality of financial statements. This study also tested the variable of human resource competence as a moderating variable. The population in this study are accountants and internal auditors who work in companies domiciled...

The study aimed to demonstrate the role of internal audit in the self-assessment of internal control systems according to the COSO framework represented by (control environment, risk assessment, control activities, information and communication, monitoring, setting goals, setting events), in addition to standing on the importance of internal audit...