The Impact of Internal Audit and its Quality on Sales in Economic Institutions: A Case Study (Al-Ahlia Cement Company - Libya)

Abstract

The objective of this study was to find out the effect of internal audit and its quality on sales in the economic institutions, because the auditing works to show the actual result of the institution. The research was based on the statistical analysis program (SPSS) and descriptive analysis. The researchers used the arithmetic mean the standard deviation to describe the questionnaire items and Pearson correlation coefficient between variables. The study found that there is a strong relationship between the internal audit and the quality of internal audit, and sales in economic institutions, and that the staff of the audit department are characterized by integrity and honesty. The internal audit has a prominent role in the decision-making by the beneficiaries, and the presence of a special section of the audit of sales in the institution checks the invoices with the goods out, and monitors the sales by an independent person. The researcher recommended that the opinions of the auditors should be according to the accepted accounting principles. The courses should be done in dealing with the computer in completing the transactions. He recommended that the sales operations should be analyzed periodically to avoid fraud in the invoices.

Diversification Strategy and Performance in Automotive Firms in Asean Countries

“…The result indicates that debt is negatively related to performance. This is consistent with other studies such as (Alfadhli et al, 2018).…”

“…According to (Alfadhli et al, 2018), related strategy as the most suitable strategy used to improve performance and reduce risk. This is supported by (Usop et al, 2018) in doing their research in developing countries who suggest firms to implement related over unrelated strategy to improve performance.…”

“…Firms usually diversify into related business if they have physical and intangible resources. Meanwhile, they may diversify into unrelated business if they have sufficient financial resources (Alfadhli, Rashid, & Yaakub, 2018). Related diversification is pursued due to creation of synergy as a result of diversifying around core business.…”

The Mediating Effects of Relationship Commitment-Trust between Innovation and Fairness on Loyalty in family Takaful: A Literature Review

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