scholarly journals Business Process Automation: Internal Audit Function Adaptation Lesson Learned from Indonesian Public Sector

2019 ◽  
Author(s):  
Syanni Yustiani ◽  
Muhammad Ichsan
Keyword(s):  
Public Sector ◽  
Business Process ◽  
Internal Audit ◽  
Process Automation ◽  
Internal Audit Function

Assessing internal audit function and public sector performance in Nigeria

2021 ◽  
Vol 10 (1) ◽  
pp. 97
Author(s):  
Ayobami Oladejo ◽  
Chijioke Nwachukwu
Keyword(s):  
Public Sector ◽  
Internal Audit ◽  
Internal Audit Function ◽  
Public Sector Performance ◽  
Sector Performance

scholarly journals The internal audit function in the public sector entities: the evaluation of reform progress

2018 ◽  
Vol 2018 (277) ◽  
pp. 85-106
Author(s):  
Maryna BARYNINA ◽  
Iryna CHUMAKOVA ◽  
Keyword(s):  
Public Sector ◽  
Internal Audit ◽  
The Public ◽  
Internal Audit Function

scholarly journals Promoting Good Governance through Internal Audit Function (IAF): The Nigerian Experience

2016 ◽  
Vol 9 (5) ◽  
pp. 196
Author(s):  
Taiwo Olufemi Asaolu ◽  
Samuel Adebayo Adedokun ◽  
James Unam Monday
Keyword(s):  
Quality Of Service ◽  
Public Sector ◽  
Professional Competence ◽  
Good Governance ◽  
Internal Audit ◽  
The Public ◽  
Audit System ◽  
Internal Audit Function ◽  
Public Organisations

<p>The subject of governance has become a pertinent issue for business, government, politics, and the general public. In both the private and the public sectors, there is an increasing demand for good governance in terms of accountability and transparency, and internal audit function within organizations has an important role to play in the achievement of these objectives. This study therefore assessed the effects of internal audit function (IAF) on good governance in the public sector in Nigeria. Primary data was obtained through the administration of structured questionnaire to purposively selected respondents comprising Head of Internal Audit, Director of Finance and Supplies, and Head of Local Government Administration, in 33 public sector organizations in Oyo State, Southwestern Nigeria. A total of 99 respondents participated in the study. IAF was measured by independence of internal audit system, scope of work, professional competence, examination process, and management support, while quality of service, management of public resources measured good governance. Data obtained was analysed using correlation analysis and multiple regression technique. The results showed that the effectiveness of IAF in Nigerian public sector organisations was moderate since internal audit system in the public organisations was not absolutely independent and professional competence was limited due to the challenge of insufficient funds to successfully carry out its duties. Moreover, the study revealed that IAF had significant and positive effect on the quality of service delivery and management of resources in the public organisations. The study concluded that internal Audit function is a veritable tool for promoting good governance in the Nigerian Public Sector. This study therefore recommended that there should be legal mandate in public sector organisations that allows government information to be publicly published and special funds should be made available to internal auditors as it would enhance effectiveness of internal audit function and boost good governance in the organisations.</p>

scholarly journals Internal audit function: a comparison between private and public sector in Nigeria

2017 ◽  
Vol 34 ◽  
pp. 01004
Author(s):  
Abdulkadir Madawaki ◽  
Aidi Ahmi ◽  
Halimah Nasibah Ahmad
Keyword(s):  
Public Sector ◽  
Internal Audit ◽  
Internal Audit Function ◽  
Private And Public

scholarly journals Extrinsic Factors Influencing Internal Auditors’ Effectiveness in Jordanian Public Sector

2019 ◽  
Vol 11 (2) ◽  
pp. 67 ◽  
Author(s):  
Hamza Mohammad Alqudah ◽  
Noor Afza Amran ◽  
Haslinda Hassan
Keyword(s):  
Public Sector ◽  
Negative Impact ◽  
Internal Audit ◽  
Top Management ◽  
Management Support ◽  
Extrinsic Factors ◽  
Positive Role ◽  
Internal Auditors ◽  
Top Management Support ◽  
Internal Audit Function

This study focuses on the extrinsic factors, namely, top management support, complexity, independence, and internal audit department&rsquo;s size that are out of internal auditors&#39; control affecting their effectiveness in the Jordanian public sector. The current study also tries to improve understanding of the extrinsic factors affecting internal auditors&rsquo; ability to achieve the assigned goals in order to highlight internal auditors&rsquo; effectiveness. Resource-based and agency theories were used in developing the research model. Two sets of questionnaires were distributed among the financial managers and internal audit managers. The results reveal that top management support, independence, and the size of internal audit department play a significant and positive role on the effectiveness of internal auditors, whereas complexity of the task has been found to make a negative impact on the level of their performance. Given the significance of the public sector within the Jordanian economy, the findings are valuable for the internal audit function, regulators, and decision-makers in proposing new legislation and regulations of an internal audit function. Future studies may look into other factors that may restrict internal audit performance, such as organizational culture and pay satisfaction.

scholarly journals The Risk-based Role of Internal Audit within Albania, Public Organizations

2012 ◽  
Vol 1 (1) ◽  
pp. 11-19
Author(s):  
Holtjana Bello ◽  
Vjollca Karapici
Keyword(s):  
Risk Management ◽  
Public Sector ◽  
Internal Control ◽  
Internal Audit ◽  
Management Control ◽  
Main Question ◽  
Internal Auditors ◽  
Government Organizations ◽  
Internal Audit Function

The aspiration of Albania for European integration has added mandatory requirements for public sector to modernize the internal audit function in adherence with International Internal Auditing Standards. According to such Standards supported by Picket (2005) and CIPFA (2003) the internal audit is an assurance function that provides independent opinion on the effectiveness of internal controls that support the achievement of the organizations objectives. Internal auditors can provide consultancy service, in particular to aid management to improve the organization control environment. Meanwhile, Diamond (2002) explains that the internal audit role, remit, scope and activities are driven by the macroeconomic objectives and political stabilization. For those countries with governance problems the first objective is to ensure compliance with financial laws and regulations. Therefore, the most suitable approach for the internal audit is the compliance auditing to attain macroeconomic stabilization objectives. Therefore, the main question around which this paper is based is whether the public sector in Albania is ready to adopt the modern model of internal audit moving beyond the traditional compliance and financial remit to comply with recognized International Internal Audit Standards. This paper finds that although changes in Albanian normative framework since 2007, internal audit within government organizations are still adopting traditional approach of internal audit involving financial inspections rather than performance auditing activities aiming to provide opinion on risk management, control and governance. This paper analyzes that the embryonic risk culture of Albanian public sector, the lack of skilled internal audit resources and a little understanding of both managers and internal auditors with regard to the contribution of internal audit in risk management and corporate governance system aimed at achieving the government organizations objectives are the main reasons why the risk based model and consultancy role of internal auditors is not yet applied. Therefore, this paper recommends the internal auditors to perform additional consultancy tasks to enhance the internal control system and build the risk management methodologies and structures due to the management lack of knowledge. As soon as the organizations become risk mature the internal auditors can provide assurance appraisal service based on risks. The Practice Advisory Standard 1000 recommends principles which should be used as guidance for regulatory framework of internal audit function within Albania, public sector, guiding internal auditors in order for them to maintain their independence, objectivity and due professional care while conducting consulting service.

Assessing internal audit function and public sector performance in Nigeria

2021 ◽  
Vol 10 (1) ◽  
pp. 1
Author(s):  
Chijioke Nwachukwu ◽  
Ayobami Oladejo
Keyword(s):  
Public Sector ◽  
Internal Audit ◽  
Internal Audit Function ◽  
Public Sector Performance ◽  
Sector Performance
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