The relationship between internal censorship components by the existing coso framework and the performance of the external auditor : an exploratory study on the accounts in some audit offices
Joint Authors
al-Fatlawi, Qaisar Ali Ubaid
al-Ramahi, Athra Khudhir Juma
Source
al-Gharee Journal for Economics and Administration Sciences
Issue
Vol. 17, Issue 2 (30 Jun. 2021), pp.252-269, 18 p.
Publisher
University of Kufa Faculty of Administration and Economics
Publication Date
2021-06-30
Country of Publication
Iraq
No. of Pages
18
Main Subjects
Economics & Business Administration
Topics
Abstract EN
The research aims to enhance intellectual knowledge about the internal control framework that brings together the updated components of Coso, also seeks to evaluate the internal control framework according to the updated Coso framework in Iraqi private banks, the research sample and the effect of the components of the updated Coso framework on the performance of the external Auditor, and the research community is made up of auditors External employees working in the companies and offices of the external auditors, as well as the internal auditors, are working in the internal audit departments in the private banks listed in the Iraq Stock Exchange.
For the purpose of testing the hypotheses, fifteen of the Iraqi private banks were chosen.
The survey forms were distributed to a sample of the internal auditors working in those banks, and there was a discrepancy between the private banks in applying the components of internal control according to the (updated Coso framework) consisting of the control environment, risk assessment, Oversight activities, information and communications, and follow-up and oversight.
A questionnaire was also distributed, which included five axes for each axis, a set of questions based on the survey forms, and they were distributed to the offices of external auditors to show the impact of the internal control components according to (updated Coso framework) on the performance of the external Auditor.
Among the most prominent conclusions reached by the study: Whenever the internal control system becomes coherent and robust, this is reflected in the performance of the external Auditor, as it leads to a reduction in the sample size, effort and time, and leads to a reduction in the risks to which the unit is exposed and seeking to achieve its The research aims to enhance intellectual knowledge about the internal control framework that brings together the updated components of Coso, also seeks to evaluate the internal control framework according to the updated Coso framework in Iraqi private banks, the research sample and the effect of the components of the updated Coso framework on the performance of the external Auditor, and the research community is made up of auditors External employees working in the companies and offices of the external auditors, as well as the internal auditors, are working in the internal audit departments in the private banks listed in the Iraq Stock Exchange.
For the purpose of testing the hypotheses, fifteen of the Iraqi private banks were chosen.
The survey forms were distributed to a sample of the internal auditors working in those banks, and there was a discrepancy between the private banks in applying the components of internal control according to the (updated Coso framework) consisting of the control environment, risk assessment, Oversight activities, information and communications, and follow-up and oversight.
A questionnaire was also distributed, which included five axes for each axis, a set of questions based on the survey forms, and they were distributed to the offices of external auditors to show the impact of the internal control components according to (updated Coso framework) on the performance of the external Auditor.
Among the most prominent conclusions reached by the study: Whenever the internal control system becomes coherent and robust, this is reflected in the performance of the external Auditor, as it leads to a reduction in the sample size, effort and time, and leads to a reduction in the risks to which the unit is exposed and seeking to achieve its goals.
American Psychological Association (APA)
al-Fatlawi, Qaisar Ali Ubaid& al-Ramahi, Athra Khudhir Juma. 2021. The relationship between internal censorship components by the existing coso framework and the performance of the external auditor : an exploratory study on the accounts in some audit offices. al-Gharee Journal for Economics and Administration Sciences،Vol. 17, no. 2, pp.252-269.
https://search.emarefa.net/detail/BIM-1280524
Modern Language Association (MLA)
al-Fatlawi, Qaisar Ali Ubaid& al-Ramahi, Athra Khudhir Juma. The relationship between internal censorship components by the existing coso framework and the performance of the external auditor : an exploratory study on the accounts in some audit offices. al-Gharee Journal for Economics and Administration Sciences Vol. 17, no. 2 (2021), pp.252-269.
https://search.emarefa.net/detail/BIM-1280524
American Medical Association (AMA)
al-Fatlawi, Qaisar Ali Ubaid& al-Ramahi, Athra Khudhir Juma. The relationship between internal censorship components by the existing coso framework and the performance of the external auditor : an exploratory study on the accounts in some audit offices. al-Gharee Journal for Economics and Administration Sciences. 2021. Vol. 17, no. 2, pp.252-269.
https://search.emarefa.net/detail/BIM-1280524
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 267-269
Record ID
BIM-1280524