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This study aimed to investigate the impact of compliance with the standards of internal audit attributes on reduction of employee fraud in public economic units in Republic of Yemen. In order to achieve the study objective, the questionnaire was used as the tool for collecting data from the study population which consisted of (83) public economic units in Yemen. A sample of (25) units in Sana'a city was taken as a stratified purposive sample that represented internal auditors in the selected units. The Statistical Program for the Social Sciences (SPSS) was used to analyze the study data. The results revealed that there is a statistically significant positive impact of the compliance with the standards of internal audit attributes on the reduction of employee fraud. The study recommends that the public economic unites in Yemen should comply with the standards of internal audit attributes for reducing the employee fraud. [ABSTRACT FROM AUTHOR]

This study aimed to investigate the impact of independent internal audit on the external audit risk assessment through risk management governance of a sample of external auditors (203) at the audit offices and companies in the Republic of Yemen. To achieve this objective, 203 questionnaires were distributed to external auditors at the audit offices and companies, but only (167) were valid for analysis. The study results revealed that there was a positive impact of independent internal audit and governance of risk management on the assessments of external audit risks. Further, there was a positive impact on the governance of risk management which also increased its indirect positive impact on assessing risks of external audit. It was also found that the most important dimensions related to the external audit risk assessments, from the respondents’ perspective, were detection risk, control risk, and inherent risk. The study recommended that the external auditor should use the method of comparing the enterprise information with the information that is similar to the economic sector in which it operates. The internal auditors should also be free of bias in their work, whereby risk management governance should be taken into account when developing the strategy of the enterprise. [ABSTRACT FROM AUTHOR]

This study aimed to investigate the impact of the implementation of internal audit characteristics on the effectiveness of the internal control system in banks in Yemen. To achieve the objective of this study, a questionnaire was designed as a tool for collecting the data from the study community which consisted of (18) banks in Yemen, (14) of which, in Sana'a city, were taken as a sample. The sample consisted of 190 employees selected from the internal auditors, internal audit committees and finance managers. The SPSS was used to analyze 155 questionnaires that were valid for analysis. The results of the study revealed that there is a statistically significant positive impact on the implementation of all standards of internal audit characteristics on the effectiveness of the internal control system. In the light of the findings, the study recommends that the Yemeni banks should adopt procedures to enhance the effectiveness of the internal control system, including providing sufficient authority for the internal audit activity The team of internal audit should have absolute independence and continuous training in line with international standards and developments; in addition, conducting a periodic and continuous evaluation of the internal audit activity is recommended to enhance the effectiveness of the internal control system. [ABSTRACT FROM AUTHOR]

This study aimed at identifying the professional skills of the internal auditors and the impact of these skills on the implementation of corporate governance principles in the Yemeni Islamic banks. The analytical descriptive method was adopted. To collect the required data, the census survey was used and 70 questionnaires were distributed to all the internal auditors in the Islamic banks and the inspectors of the Central Bank of Yemen in Sana'a. Sixty-three questionnaires were collected and all were valid for analysis. The results of the study revealed that the professional skills had a significant impact on the implementation of corporate governance principles in the Yemeni Islamic banks. The results also showed that the Islamic banks apply to some extent the governance principles as well as the professional skills in the Islamic banks. The study recommended that it is important for the Islamic banks to implement the corporate governance principles and the internal audit function should be supervised directly by the boards of directors. The study also recommended that the internal audit staff should be involved in training courses, conferences, seminars related to internal auditing and corporate governance as well as the international standards of internal audit and corporate governance principles. Additionally, copies of the international internal audit standards and local and international banking legislations should be provided. [ABSTRACT FROM AUTHOR]