A proposed framework for value-based internal audit and its impact on the added value and the expectation gap of internal audit : a field study in Egypt

الملخص EN

This research aims to develop a proposed framework to develop the performance of the internal audit activity in Egyptian business enterprises using the value-based internal audit approach.

The research also aims to study the impact of applying the proposed framework of value-based internal audit on the added value of internal audit activity for Egyptian business enterprises and their stakeholders.

In addition to that studying the impact of applying the proposed framework on the expectation gap of internal audit in the Egyptian business environment. To achieve these goals, the research relied on using the positive paradigm through using the deductive approach to analyze previous studies related to the research topic and derive the research hypotheses, in addition to using the inductive approach to test the validity of the research hypotheses in the real practice in the Egyptian business environment, through a field study conducted on a sample that includes three categories: the academics category represented by professors of accounting and auditing in the faculties of commerce in Egyptian universities, in addition to members of audit committees, and internal auditors of some companies listed on the Egyptian Stock Exchange.

The Statistical tests were used that commensurate with the nature of the data collected.

And based on the results of statistically test hypotheses, the first hypothesis was accepted, which states that there is a need to apply the proposed framework of value-based internal audit in performing the internal audit activity in Egyptian enterprises, and the second hypothesis was accepted which states that there are some basic requirements to apply the proposed framework of value-based internal audit.

The results also reached to accept the third hypothesis which states that applying the proposed framework of value-based internal audit increases the added value of the internal audit activity for business enterprises and their stakeholders, in addition to accepting the fourth hypothesis that states that applying the proposed framework of value-based internal audit contributes to narrowing and remedying the expectation gap of internal audit in the Egyptian business environment.