"Internal Audit And Its Role In Improving Corporate Governance Systems "

Tabara, Neculai; Ungureanu, Mihaela

doi:10.29302/oeconomica.2012.14.1.12

Cited by 5 publications

(2 citation statements)

References 4 publications

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“…It necessitates the implementation of an IC system (Kasimati, 2007). The balance of all interested parties is ensured by the implementation of control mechanisms (Tabara and Ungureanu, 2012).…”

Section: Corporate Governancementioning

confidence: 99%

Exploring the Effect of Corporate Governance on the Audit Effort: The Case of Greek Port Authorities

Xanthopoulou¹,

Delegos²,

Kalantonis³

et al. 2021

IJEBA

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Purpose:The goal of this paper is to investigate the impact of corporate governance on the implementation of internal audits (ΙΑ) in the Greek public sector. Internal audit services have been adopted as a major strategy by the management of public organizations over the last decade in order to achieve their objectives in an efficient and effective manner. Under this framework, the present research investigates how the Board of Directors' williness, support, and implementation of IA, improve public governance. Design/methodology/approach: Data for the study were gathered from the annual financial reports of 13 Port Authorities which have the legal status of Societies Anonymes, between 2012 and 2020. In the regression analysis, audit effort (audit team size) was chosen as dependent variable and as independent variables, the Board of Directors' size, the BIG 5 audit firms and the implementation of internal audit function.To estimate internal audit economic models, various quantitative approaches such as ordinary least squares, weights least squares, fixed effect, and random effect were used. Findings: According to our findings, IA plays a crucial role in the corporate governance system by providing a systematic disciplined approach to monitoring public organizations' policies and procedures and influencing their value. Organizations that completely outsource their IA have been influenced positively in terms of good governance. The high quality of outsourcing IA, has an impact on external auditors' audit services, since external auditors adjust their strategy based on IA reports. Practical Implications: In case of Port Authorities, audit's quality in both internal and external services affects their economic growth and investors' attraction, since it enhances the transparency and accountability of financial reports. Originality/value: In Greece, internal audit was implemented in the public sector, for the first time, in 2005, but it became mandatory in 2019 (Law 4622/2019). Few organizations apply IAF until today, so there are few available information and data of IA' effects on public governance and vice versa. Few researchers focus their studies on IA in public sector.

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Section: Corporate Governancementioning

confidence: 99%

Exploring the Effect of Corporate Governance on the Audit Effort: The Case of Greek Port Authorities

Xanthopoulou¹,

Delegos²,

Kalantonis³

et al. 2021

IJEBA

View full text Add to dashboard Cite

show abstract

“…Because they are entrusting management of the facility to experts to ensure that the facility's goals are achieved effectively and efficiently, the facility's owners and investors choose employees with administrative expertise to handle the administration and day-to-day operations (CIPE, 2003). Corporate governance (CG) was developed to maintain a balance between a wide range of actors and the use of instruments for managing financial wealth, whether for shareholders or other parties with an interest in the facility's capital (Tabara & Ungureanu, 2012). This is because there are individuals managing businesses and others who are responsible for assuming their risks.…”

Section: Introductionmentioning

confidence: 99%

Role of quality determinants of the internal audit function in corporate governance effectiveness. Senior management support as moderator: Evidence from Yemeni commercial banks

Al-Yazidi

Alhebri

Al‐Matari

et al. 2023

Banks and Bank Systems

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The purpose of this study was to determine if senior management support (SMSI) in Yemeni commercial banks mediates the association between internal audit function (IAF) quality characteristics and improved corporate governance effectiveness (CGE). Internal auditors, heads of internal audit, chairmen and participants in audit committees, CEOs, and financial management of Yemeni commercial banks were given a list of questions to answer. 158 full lists were obtained to evaluate after distributing the survey. For data analysis and hypothesis testing in this work, Smart PLS 3 was used. The study findings demonstrate a substantial relationship between CGE and IAF competence and due professional care (CPCI), IAF independence and objectivity (INOI), and IAF professional ethics (PEI). The outcomes of the study also demonstrate that there is no relationship between CGE and chief audit executive (CAE) Leadership Style (CLS). In terms of the moderate variable’s influence, the findings revealed that SMSI positively changes the link between CLS, CPCI, and corporate governance effectiveness. SMSI, on the other hand, has no influence on the link between INOI, PEI, and the efficacy of corporate governance. The findings add to the knowledge on IAF factors affecting the efficacy of CG and the role of SMSI in changing this relationship in developing countries such as Yemen. AcknowledgmentThe authors extend their appreciation to the deanship of scientific research at King Khalid University for funding this work through large groups project under grant number (RGP.2/189/44).

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Probing the Past to Guide the Future IT Regulation Research: Topic Modeling and Co-word Analysis of SOX-IS Research

Mangalaraj

Singh

Taneja

2022

Information Systems Management

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"Internal Audit And Its Role In Improving Corporate Governance Systems "

Cited by 5 publications

References 4 publications

Exploring the Effect of Corporate Governance on the Audit Effort: The Case of Greek Port Authorities

Exploring the Effect of Corporate Governance on the Audit Effort: The Case of Greek Port Authorities

Role of quality determinants of the internal audit function in corporate governance effectiveness. Senior management support as moderator: Evidence from Yemeni commercial banks

Probing the Past to Guide the Future IT Regulation Research: Topic Modeling and Co-word Analysis of SOX-IS Research

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