Can Sustainable Corporate Governance Enhance Internal Audit Function? Evidence from Omani Public Listed Companies

Rehman, Ali

doi:10.3390/jrfm14110537

Cited by 6 publications

(5 citation statements)

References 33 publications

(47 reference statements)

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“…This promotes the accountability and transparency of institutions. The IA literature used agency theory to explore areas such as external auditor reliance and IAFs (Al-Sukker et al, 2018), IAFs and internal control quality (Oussii & Boulila Taktak, 2018a), the role of sustainable CG in activating IAFs (Rehman, 2021), IA and financial performance (Hazaea, Tabash et al, 2021), and ACs effectiveness and banks’ performance (Y. A. Al-Matari et al, 2016).…”

Section: Resultsmentioning

confidence: 99%

“…Previous studies have significantly enhanced our knowledge of the IA quality determinants, and several factors enhancing it have been identified. It has been suggested that the IA quality can be enhanced by the Big 4 auditors and ACs activities (Khlif & Samaha, 2016; Oussii & Boulila Taktak, 2018b; Sartawe et al, 2017), the management support (Alzeban & Gwilliam, 2014), electronic business management (Bshayreh et al, 2019), the objectivity and professionalism (Matarneh, 2011), culture and individualism (Alzeban, 2015), the level of compliance toward ethical rules (Alsmairat et al, 2018), sustainable CG (Rehman, 2021), and access to information (Krichene & Baklouti, 2021). The IA quality and its determinants appeared to be the most explored topic with 21 research articles (see Table 5).…”

Section: Resultsmentioning

confidence: 99%

“…Furthermore, it has been found that the regression techniques used in the literature are widely varied, and multiple regression is the most widely used, and followed by parametric tests. Other studies employed logit regression (Hassan Sabbar & Eltyaf Abdalamer, 2018), generalized least squares (Alzoubi, 2019), ordinary least squares (Al-Twaijry et al, 2004;Ahmed et al, 2021;Alzeban, 2020), and structural equation modeling (Shbail et al, 2018;Mustafa & Al-Nimer, 2018;Rehman, 2021). The latter technique has been slightly applied, and due to its advantages compared to parametric and multiple regression analysis, we strongly recommend it for further research.…”

Section: Methodology and Modelingmentioning

confidence: 99%

See 2 more Smart Citations

Internal Auditing in the Arab World: A Systematic Literature Review and Directions for Future Research

Hazaea,

Al-Matari,

Khatib

et al. 2023

SAGE Open

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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 future research in this field. Ninety-one (91) articles collected from the Scopus database between 1996 and April 2022 were analyzed in this study. The results show that there has been an increase in the number of studies that discussed IA, especially in the last 6 years. Most of these studies have focused on the quality of IA and its functions. It also shows that Jordan and the Kingdom of Saudi Arabia dominate the literature published so far in terms of the number of studies. Also, most of the studies were based on agency and institutional theory evaluating the various aspect of IA. This study highlights the lack of in-depth qualitative research that allows researchers to challenge the theories developed in the auditing field, add nuances to the existing theoretical framework, and unpack new theoretical directions. Furthermore, the results also show that the IA literature did not contribute significantly to the knowledge of internal audit functions (IAFs) as specified by the Institute of Internal Auditors (IIA). This study contributes to the body of knowledge by determining future research directions and surveys by interested researchers and regulators, including IIA.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Section: Methodology and Modelingmentioning

confidence: 99%

See 1 more Smart Citation

Internal Auditing in the Arab World: A Systematic Literature Review and Directions for Future Research

Hazaea,

Al-Matari,

Khatib

et al. 2023

SAGE Open

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“…They indicated that increasing investor protection strengthens CG and improves company performance. Nevertheless, no studies have focused on investors and companies in Yemen and revealed the CG factors that investors look at when making investment decisions (Mihail and Dumitrescu 2021;Gennaro and Nietlispach 2021;Choi et al 2020;Rehman 2021).…”

Section: Corporate Governance and Investmentmentioning

confidence: 99%

Examining the Impact of Corporate Governance on Investors and Investee Companies: Evidence from Yemen

2023

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The purpose of this study was to determine whether corporate governance is an important and effective technique for enhancing investors’ confidence in existing and prospective companies and for creating opportunities for safe investment in Yemen. A survey was conducted among certified public accountants to assess the importance of corporate governance. We employed regression analysis to test our hypothesis. According to the results of the study, corporate governance is an essential component of success for companies, and those firms that apply corporate governance best practices are highly regarded. Additionally, the findings suggest that regulators, policymakers, and standard-setters should raise awareness of the importance of protecting shareholders’ rights by providing seminars and courses for Yemeni media, unions, and professional associations. Moreover, in an environment of uncertainty there is a reluctance to invest and a prevalent tendency to invest in real estate. Furthermore, the results indicate that corporate governance is not practiced by all companies but only to a limited extent by some joint-stock companies. Most of the Yemeni companies that have adopted CG are joint-stock companies, so investors prefer to invest in these companies. The findings of this study provide valuable insights for regulators, practitioners, and academicians. We recommend that this survey be extended to a larger sample, including supervisory managers of companies. This study provides an insightful contribution, because it clarifies the importance of corporate governance for Yemeni investors and investee companies.

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“…Internal control systems, corporate governance, and the performance of financial institutions are instrumental in having strong internal control systems (Rehman, 2021). The internal control system will be taken to represent all the approved policies and procedures used by the management in order to achieve effective management of the business.…”

Section: Introductionmentioning

confidence: 99%

The Internal Control System and the Performance of Financial Institutions in Uganda

Mpora¹,

Frank

Enock³

2023

Int. j. financ. account.

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Internal control systems and the performance of financial institutions have received much attention in recent times owing to the increased recognition accorded to internal control systems as a source of financial performance. Researchers and practitioners have been increasingly interested in striving to understand how these two notions can be harnessed in order to attain a firm’s success. The aim of the study was to assess the internal control system and the performance of financial institutions in Uganda. The study was guided by specific objectives, which include establishing the relationship between the internal control system and the performance of financial institutions and finding out the relationship between corporative governance and firm performance. A mixed research design was applied to achieve the set objectives utilising both quantitative and qualitative approaches. Using simple random and purposive sampling techniques, a total of 118 respondents were selected to participate in the study. There is a significant positive correlation between the internal control system and firm performance (r = .407; p< 0.01), meaning an increased internal control system in Uganda’s financial institutions is associated with positive firm performance. There is a significant positive correlation between corporate governance and financial performance (r = .649; p< 0.01). This implies that as the level of corporate governance improves, the financial performance of the company tends to improve as well. Thus, financial firms in Uganda should endeavour and put in place functional internal control systems if they are to realise better institutional performance

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Can Sustainable Corporate Governance Enhance Internal Audit Function? Evidence from Omani Public Listed Companies

Cited by 6 publications

References 33 publications

Internal Auditing in the Arab World: A Systematic Literature Review and Directions for Future Research

Internal Auditing in the Arab World: A Systematic Literature Review and Directions for Future Research

Examining the Impact of Corporate Governance on Investors and Investee Companies: Evidence from Yemen

The Internal Control System and the Performance of Financial Institutions in Uganda

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