1 section one: introduction to internal ing to pickett (2005b, p1), auditing is an important aspect of managing an organization, and all employees should have a good understanding of the audit concept and how it can help organizations become and remain successful. 5 scope and limitations of the project:Our scope of the research will be affected by several factors such as: spatial borders: the study was applied for listed limits: research deals with the reality of internal audit and its impact in increasing financial performance, and the researchers collect data as they can because the available period was too short (two months only) and they want to applied this research for joint stock companies also in west bank but because they can'ty borders: was limited on the staff in the joint stock companies who have the relationship because of the well-known restrictions imposed by the occupation and that we couldn’t get the other side of the west bank to generalize our work on all the companies so our work will be focused on a sample (bank of palestine) of the companies located in gaza strip.
Are the qualifications, knowledge and experience of the internal auditor sufficient enough to let him / her work in proper manner? Study determine the extent of the commitment of listed companies in the malaysian financial market standards issued by the institute of internal auditors .
This topic is significant for business management, shareholder and the overall financial community because of the best use of assets comes from internal auditing from its responsibilities especially after financial crisis 2008 all over the world that makes internal auditing significant in monitoring and evaluation of management performance. It is important to understand the roots of internal auditing and the way it has developed over the years.
Iia defined internal auditing as follows:Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. Is the extent of the internal auditing in the palestinian firms competent with the improvements happening globally?
It contributes in measuring and evaluating the risks surrounding the work addition to that it helps in measuring and evaluating competence and efficiency performance and it maximizes the companies capacity to employ the best methods to use the available resources to the get the most possible quality and so that the entity's goals are this importance this study aims to identify the role of the internal audit in controlling the financial and managerial performance in the palestinian corporations taking in considerations all the aspects that would limit this purpose of the internal audit factors would be the business environment, the qualification of the auditor, the laws and regulation, the extent to which the corporation are committed to these laws and other factors that will be discussed in details throughout this research to highlight the current situation and any amendments needed to be undertaken in the coming period so that the internal audit function of controlling the performance on both sides the managerial and the financial will be was clear from the recent financial scandals and fraud law suits in the international and regional firms that the internal control in general isn't as strong as should and that there are some weaknesses that led to this outcome and that why we are interested to investigate the internal control and the internal observation systems in the listed palestinian corporations to put the lights on the real reasons and causes for such researchers and observers believe that one of the main reasons for such problem is the insufficient reliance on the function of the internal auditor and not assigning this function with its real importance in the companies, especially if we consider how significant is this function becomes as the companies are getting larger and the operations are extending to be more in terms of the volume and the complexity and more importantly the competition is getting tougher among the internal audit is consider to be a type of the observational procedures that can be used to assess the effectiveness of the other observational and audit procedures and that is why many researchers consider it as the core of concentration in the audit hierarchy that supplement the other tools in ensuring these tools ability to safeguard the companies' assets, make sure about the fairness of the financial data and encourage the commitment in the managerial internal audit function affects other parties outside and inside the business organization for example the external auditor relies in different levels on the work that has been done by the internal auditor especially when the external auditor comes to the decision of the sample size as this sample will increase or decrease in accordance with how much the external auditor believes that the internal auditing function has been done the recent years a lot of improvements have appeared on the function of the internal auditing with respect to the extent of the work or the independency of the internal auditor especially after the emerging of the auditing committee and its responsibility in front of the board of directors and the shareholders that make this function worth investigating and first agency for the internal auditors was established in the united states in 1947 that became international after that and now it has 150 branches all over the globe and more than 100,000 members, this agency sets the standards of the internal auditing and defines clearly the morals of this agency defined in 1999 the internal auditing in a clear manner as:An independent, objective assurance and consulting activity designed to add value and improve the companies' operations. For full appreciation of internal auditing, it is necessary to trace these developments back and extend trends into the future.
Noted that this study addressed the internal audit of the door of the main characteristics of the internal audit departments did not address adequately to assess the role of these sections in performed the tasks and achieving the objectives assigned to it. 3- management's cooperation and responsiveness as this cooperation is very important for the role of the internal auditor.
Auditing should be considered by all managers as a powerful tool for reviewing the adequacy of their governance, risk management and internal control arrangements. International politics - region: near east, near in to write a your own papers!
So, in this chapter the concept of internal audit will be described in this chapter will highlight the most important points in the field of internal control in terms of its definition and its elements and stages of development and its importance, and so on. The subject is worthy of attention because internal auditors are important, even crucial, in an economy that relies upon independently produced information (van peursem 2005).
This general question we can draw sub-questions which are:1) in the listed companies is there a separate department for the internal auditing and are these companies providing this department with the sufficient resources? Problems of international auditing ss economics - revision, ate valuation of the ss economics - investment and ling schools of thought in the pr china and their effects on ...
Well as determine whether compliance with these standards affect (iia) on internal control systems in these companies has researchers to achieve this yen goals using the first two questionnaires to examine adherence to professional practice standards for internal audit, and second to examine the impact of this commitment on the internal control system and use descriptive method . Economics - marketing, corporate communication, crm, market research, social paper (advanced seminar),The source of food price swings and their effect on developing econ...
The development of internal auditing was appeared after arthur andersen, enron scandal and italian corporations such as parmalat. Research study the relationship between the quality of internal audit activities and earnings management in joint stock companies in order to test whether the quality of internal audit activities have an adverse effect on earnings management results of statistical analysis indicated to (1) existence an inverse relationship with a significant effect between the quality of internal audit and earnings management in joint stock companies, (2) the size of the internal audit work associated with the process of preparing and presentation of financial reports is the only variable which has an inverse relationship with a significant effect on earnings researcher advise to make a lot of researcher which took about earnings management activities in joint stock companies in gaza strip to know how can applied earnings management activities in gaza strip comparing with economics environments in other research has a time limit; it should be done in 7 weeks.
2 statement of the problem:The problem that this research discusses is the improvement of the internal auditing function in the listed companies in the stock market in response to the improvement on the academic and vocational sides globally in respect to the following of clear standards, and the availability of clear goals that can be used as a basis to audit the managerial and financial performance and that raise many questions in this main question of this research is: does the internal auditing department in the listed companies in palestine exchange marker do its role to monitor the financial and managerial performance? The development of internal auditing:According to the pickett (2005) opinion state that “internal auditing is now a fully developed profession.
Once a function primarily concerned with financial and accounting matters, internal auditing now address3koies the entire range of operating activities and performs a correspondingly wide variety of assurance and consulting services. The traditional conception of internal auditing views accounting as its true discipline, accounting control as its true concern and the board's audit committee as its true client.
This study, analytical study has concluded that the professional versatility and thematic sections internal audit in companies listed on the malaysian market for securities affect significantly on the efficiency of internal control systems, and the scope of the internal audit and professional performance in the internal audit departments impact on the characteristics of communication and information internal control system and features a system of internal control environment, as this study concluded that process management of the internal audit department and the performance of audit work and the internal audit plan and report for internal audit work significantly affect the risk assessment attributes system control as well as internal control activities. The development of internal auditing was fostered by the increased size and decentralization of organizations, the greater complexity and technological sophistication of their operations, and the resulting need for an independent, objective means of evaluating and improving their risk management, control and governance processes”( gleim,2004,p2).
Which aimed to clarify and describe the role of internal auditors in the risk management process and to make a comparison between the understanding of internal auditors in both the united states and belgium for their role in the risk management process,To achieve this goal, the researchers conducted interviews with ten internal audit managers in both countries, and concluded the study that in the case of belgium, the internal auditors are focusing their attention on the correct any flaws in the risk management system for their companies and are playing a pivotal role in raising awareness and perception and the formulation of an appropriate system for risk management in their companies, but in the case of america was estimated merits of internal auditors and their views on risk management an essential part of the requirements of a modern outlook for the internal audit requirements. The internal auditor’s risk-driven efforts provide critical inputs to other governance participants, including the audit committee and management.