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Perception of the Importance of Internal Audit Effectiveness and Its Impact on Organizational Performance in Public Enterprises: Empirical Evidence from Morocco

Authors :
Kawtar BENKIRANE
Khadija BENAZZI
Source :
CECCAR Business Review, Vol 5, Iss 9, Pp 65-81 (2024)
Publication Year :
2024
Publisher :
The Body of Expert and Licensed Accountants of Romania, 2024.

Abstract

This study investigates the perception of internal audit effectiveness and its impact on the organizational performance of Moroccan public commercial enterprises (OMPAM). Utilizing a mixed-methods approach, the research draws on data from surveys and in-depth interviews with key stakeholders in Moroccan public enterprises. The findings validate the positive correlation between internal audit effectiveness and organizational performance, emphasizing the significant roles of strategic alignment and auditor independence. The results confirm that an effective internal audit function contributes to higher levels of productivity, profitability, and overall organizational health. Additionally, the study highlights the importance of internal audit in promoting transparent governance and mitigating risks associated with unethical practices and irregularities. However, it also acknowledges the challenges posed by resourceintensive and bureaucratic audit processes. This research provides empirical evidence supporting the critical role of internal audit in enhancing governance and accountability in the public sector, offering valuable insights for policymakers and practitioners aiming to optimize internal audit functions within public enterprises.

Details

Language :
English, Romanian; Moldavian; Moldovan
ISSN :
26688921
Volume :
5
Issue :
9
Database :
Directory of Open Access Journals
Journal :
CECCAR Business Review
Publication Type :
Academic Journal
Accession number :
edsdoj.8d782f1776f40d18f47ceb40912ee58
Document Type :
article
Full Text :
https://doi.org/10.37945/cbr.2024.09.07