Internal audit effectiveness in the area of enterprise risk management

Until recently, there is no consensus among researchers about the effectiveness of internal auditors when they perform their role regarding Enterprise Risk Management (ERM) process. The purpose of this study is to investigate internal audit effectiveness and its related factors in the area of ERM. T...

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Main Author:	Mahmoud Kertali
Format:	Thesis
Language:	English English
Published:	2018
Subjects:	HF5601-5689 Accounting Bookkeeping
Online Access:	https://eprints.ums.edu.my/id/eprint/42195/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/42195/2/FULLTEXT.pdf
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id	my-ums-ep.42195
record_format	uketd_dc
spelling	my-ums-ep.421952024-12-16T04:07:23Z Internal audit effectiveness in the area of enterprise risk management 2018 Mahmoud Kertali HF5601-5689 Accounting. Bookkeeping Until recently, there is no consensus among researchers about the effectiveness of internal auditors when they perform their role regarding Enterprise Risk Management (ERM) process. The purpose of this study is to investigate internal audit effectiveness and its related factors in the area of ERM. The study addresses the relationships of internal audit effectiveness with the involvement of internal auditors in ERM process, senior management support, internal audit independence and internal audit objectivity, as well as addresses the mediation effects of internal audit independence and objectivity. The study used a quantitative method based on a cross-sectional survey to understand the effect of the above-mentioned factors on internal audit effectiveness in the light of the recent changes in internal audit function. The data was gathered from 119 members of the Institute of Internal Auditors Malaysia (IIAM) who are currently working as internal auditors in both private and public sector organizations in Malaysia. A structural equation modeling technique was applied in order to examine the direct and the mediating effects hypotheses. The findings of the study revealed that internal auditors’ involvement in ERM, senior management support, and internal audit independence are positively related to internal audit effectiveness. The results also indicate that internal audit independence has a mediation effect. However, the findings failed to support the hypothesized direct effect and the mediation effect of internal audit objectivity. This research would contribute to enriching the literature of internal auditing by identifying the main factors that are positively associated with internal audit effectiveness in the area of ERM as well as describe how internal auditors in Malaysia perceive their current role regarding ERM and whether a thoughtful involvement in ERM influence such effectiveness of internal auditing. 2018 Thesis https://eprints.ums.edu.my/id/eprint/42195/ https://eprints.ums.edu.my/id/eprint/42195/1/24%20PAGES.pdf text en public https://eprints.ums.edu.my/id/eprint/42195/2/FULLTEXT.pdf text en validuser masters Universiti Malaysia Sabah Fakulti Perniagaan, Ekonomi dan Perakaunan
institution	Universiti Malaysia Sabah
collection	UMS Institutional Repository
language	English English
topic	HF5601-5689 Accounting Bookkeeping
spellingShingle	HF5601-5689 Accounting Bookkeeping Mahmoud Kertali Internal audit effectiveness in the area of enterprise risk management
description	Until recently, there is no consensus among researchers about the effectiveness of internal auditors when they perform their role regarding Enterprise Risk Management (ERM) process. The purpose of this study is to investigate internal audit effectiveness and its related factors in the area of ERM. The study addresses the relationships of internal audit effectiveness with the involvement of internal auditors in ERM process, senior management support, internal audit independence and internal audit objectivity, as well as addresses the mediation effects of internal audit independence and objectivity. The study used a quantitative method based on a cross-sectional survey to understand the effect of the above-mentioned factors on internal audit effectiveness in the light of the recent changes in internal audit function. The data was gathered from 119 members of the Institute of Internal Auditors Malaysia (IIAM) who are currently working as internal auditors in both private and public sector organizations in Malaysia. A structural equation modeling technique was applied in order to examine the direct and the mediating effects hypotheses. The findings of the study revealed that internal auditors’ involvement in ERM, senior management support, and internal audit independence are positively related to internal audit effectiveness. The results also indicate that internal audit independence has a mediation effect. However, the findings failed to support the hypothesized direct effect and the mediation effect of internal audit objectivity. This research would contribute to enriching the literature of internal auditing by identifying the main factors that are positively associated with internal audit effectiveness in the area of ERM as well as describe how internal auditors in Malaysia perceive their current role regarding ERM and whether a thoughtful involvement in ERM influence such effectiveness of internal auditing.
format	Thesis
qualification_level	Master's degree
author	Mahmoud Kertali
author_facet	Mahmoud Kertali
author_sort	Mahmoud Kertali
title	Internal audit effectiveness in the area of enterprise risk management
title_short	Internal audit effectiveness in the area of enterprise risk management
title_full	Internal audit effectiveness in the area of enterprise risk management
title_fullStr	Internal audit effectiveness in the area of enterprise risk management
title_full_unstemmed	Internal audit effectiveness in the area of enterprise risk management
title_sort	internal audit effectiveness in the area of enterprise risk management
granting_institution	Universiti Malaysia Sabah
granting_department	Fakulti Perniagaan, Ekonomi dan Perakaunan
publishDate	2018
url	https://eprints.ums.edu.my/id/eprint/42195/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/42195/2/FULLTEXT.pdf
_version_	1818611450058375168

Internal audit effectiveness in the area of enterprise risk management

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