Survey of internal audit effectiveness in public sector risk management and control function

Fathi Abdollahi, Ahmad; Aghaei, Mohammad Ali

Document Type : Descriptive

Authors

¹ Instructor, Department of Accounting, Payame Noor University, Tehran, Iran

² Associate Professor of Accounting, Tarbiat Modares University, Tehran, Iran

Abstract

This study examines internal audit effectiveness in public sector management and it’s challenges. Research statistical society were used from internal audit directors and staff from university of Payame Noor financial, administrative and budgetary departments and sample elected from province center and central organization of Payame Noor University. Internal audit effectiveness in public sector tested with implementing variables such as organizational independence, formal mandate, unrestricted access, sufficient funding, management perception from internal auditing, competent staff, management support and compliance with professional audit standards. Results show that internal audit effectiveness is positively related to compliance with professional audit standards, unrestricted access, formal mandate, top management support and competent staff. We found no relation between organizational independence and management perception from internal auditing with internal audit effectiveness.Sufficient funding has a positive relation with control function of and negative relation by risk management function. Based on conclusions it’s suggested that internal audit standards should codify and this principle requires top management support and trained staff. Internal audit as a culture should be going in public organizations where the financial and non-financial unrestricted access of them is possible and they have organizational independence.

Keywords

20.1001.1.2322522.1396.5.0.13.5

Main Subjects

Modeling

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Public Organizations Management

Survey of internal audit effectiveness in public sector risk management and control function

References

References

Volume 5, Issue 3
July 2017
Pages 81-94

Survey of internal audit effectiveness in public sector risk management and control function

References

References

Volume 5, Issue 3July 2017Pages 81-94

Volume 5, Issue 3
July 2017
Pages 81-94