Factors associated with Internal Audit Effectiveness: Evidence from Greece

Drogalas, George; Karagiorgos, Theofanis; Arampatzis, Konstantinos

doi:10.5897/jat2015.0182

Cited by 50 publications

(53 citation statements)

References 28 publications

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“…Internal audit is also an important part of modern business because it contributes to the achievement of an organization's objectives by adopting a systematic and disciplined approach to assessing and improving effective risk management, control and governance processes (El-Sayed Ebaid, 2011). The effectiveness of internal auditing can improve from the quality of internal audit, the competence of internal audit team, the independence of internal audit and the management support (Drogalas et al, 2015). In this context, the internal auditor is responsible for detecting financial errors and specifically by using the auditing standards (Bedard et al, 2015).…”

Section: Introductionmentioning

confidence: 99%

The effect of internal audit effectiveness, auditor responsibility and training in fraud detection

Drogalas¹,

Pazarskis²,

Anagnostopoulou³

et al. 2017

JAMIS

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Abstract:The purpose of this study is to explore the relationship between internal audit effectiveness, internal auditor's responsibility, training and fraud detection. During the last decade internal auditing has become an integral part of modern businesses since it is capable of detecting errors or offences which lead to fraud. In order to investigate the above relationship, we conducted a survey of companies listed in the Athens Stock Exchange. We used factor analysis to validate the survey instrument and to construct our variables measuring fraud detection, internal audit effectiveness, auditor responsibility and training. We used regression analysis to test for significance between the constructed variables. Our analysis shows that audit effectiveness, auditor responsibility and auditor training affect positively and significantly the detection of fraud. Our results highlight the importance of internal audit in detecting accounting fraud and the need of companies to invest on internal audit processes and training in order to achieve enhanced corporate performance. Finally, our research stresses the importance of internal audit and fraud detection for companies which operate in countries which are in a period of economic crisis.

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Section: Introductionmentioning

confidence: 99%

The effect of internal audit effectiveness, auditor responsibility and training in fraud detection

Drogalas¹,

Pazarskis²,

Anagnostopoulou³

et al. 2017

JAMIS

Self Cite

View full text Add to dashboard Cite

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“…These factors are identified based on a review of previous studies (see Alzeban & Sawan, 2013;Soh & Bennie, 2011;Ahmad et al, 2009;Mihret & Yiamaw, 2007;Ali et al, 2007;Sarens & Beelde, 2006;Carcello et al, 2005;Brierley et al, 2001Brierley et al, , 2003, along with studying the performance of internal audit departments, guidelines on the international standards for the Professional Practice of Internal Auditing (ISPPIA) published by the international institution for internal audit (IIA), and other available documents and evidence. Drogalas et al (2015) study investigates the specific factors associated with internal audit effectiveness in the Greek business environment. The findings indicate that the main factors affecting internal audit effectiveness are:…”

Section: Introductionmentioning

confidence: 99%

Investigation Factors Affecting the Effectiveness of Internal Auditors in the Company: Case Study Iran

Salehi¹

2016

RES

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There are relatively fewer number of studies focused on internal audit effectiveness, than the number of studies on the effectiveness of external audit. Our focus in this paper is mainly on determinants of internal audit effectiveness. For this purpose we developed and tested five hypotheses using an investigation approach. We gathered our data using a questionnaire, filled out by 355 internal audit manager and 272 other internal audit staff.Our multivariate regression model estimates the relationships between the effectiveness of internal audit department and its five main determinants: competency of internal audit staff, size of internal audit department, communications between internal auditors and external auditors, management's support for internal audit department, and independent (outsourced) internal audit.Our results show that internal audit effectiveness has stronger relationships with management's support for hiring and experienced educated staff, providing the internal audit department with sufficient resources, and the size of internal audit department.

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“…The expertise possessed by the auditor will increase the auditor's ability to detect fraud (Mangala & Kumari, 2017). By having adequate competence, internal auditors can detect quickly and accurately regarding fraud (Drogalas, Karagiorgos, & Arampatzis, 2015;Petraşcu & Tieanu, 2014;Widiyastuti & Pamudji, 2009). The competence possessed by the internal auditor will affect the success rate of the auditor in detecting fraud.…”

Section: Review Of Rka Fortress Of Fraud Preventionmentioning

confidence: 99%

Fraud prevention and detection practices in the perspective of Jember Regency internal auditor

Nusantara

Irianto²,

Prihatiningtias³

2020

IJRBS

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This study aims to understand the practice of fraud prevention and detection by government internal auditors in Jember Regency. This study uses interpretive qualitative research methods with an ethnomethodology approach. Data collection was carried out through interviews with six supervisors/auditors as key informants. The results of this study show that fraud prevention by the Jember Regency internal auditor is carried out in the consulting activities and reviewing the work plan and budget (Rencana Kerja dan Anggaran, RKA) of Regional Government Organization (Organisasi Perangkat Daerah, OPD). The detection of fraud by the Jember Regency internal auditor is carried out through regular audits and community complaint services, where the community complaint service will be explored by the Jember Regency internal auditor by conducting a special inspection. Thus, the results of this study show that the government's internal auditors have an important role in fraud prevention.

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Factors associated with Internal Audit Effectiveness: Evidence from Greece

Cited by 50 publications

References 28 publications

The effect of internal audit effectiveness, auditor responsibility and training in fraud detection

The effect of internal audit effectiveness, auditor responsibility and training in fraud detection

Investigation Factors Affecting the Effectiveness of Internal Auditors in the Company: Case Study Iran

Fraud prevention and detection practices in the perspective of Jember Regency internal auditor

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