2020_The Influence of Internal Audit on The Firm Performance: Evidence from Al-Ahlia Cement Company, Libya
| Format: | General Document |
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| _version_ | 1860798192090611712 |
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| building | INTELEK Repository |
| collection | Online Access |
| collectionurl | https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection3 |
| copyright | Copyright©PWB2025 |
| country | Malaysia |
| date | 2020-02-17 |
| format | General Document |
| id | 16362 |
| institution | UniSZA |
| originalfilename | THE INFLUENCE OF INTERNAL AUDIT ON THE FIRM PERFORMANCE_ EVIDENCE FROM AL-AHLIA CEMENT COMPANY, LIBYA (MASTER_2020).pdf |
| person | Marwan Ibrahim Alfadhli |
| recordtype | oai_dc |
| resourceurl | https://intelek.unisza.edu.my/intelek/pages/view.php?ref=16362 |
| sourcemedia | Server storage Scanned document |
| spelling | 16362 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=16362 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection3 General Document Malaysia Library Staff (Top Management) Library Staff (Management) Library Staff (Support) Terengganu Faculty of Business and Management English application/pdf 1.5 Server storage Scanned document Universiti Sultan Zainal Abidin UniSZA Private Access Universiti Sultan Zainal Abidin SAMBox 2.3.4; modified using iTextSharp™ 5.5.10 ©2000-2016 iText Group NV (AGPL-version) 159 Business Performance Copyright©PWB2025 Auditing, Internal 2020-02-17 2020_The Influence of Internal Audit on The Firm Performance: Evidence from Al-Ahlia Cement Company, Libya THE INFLUENCE OF INTERNAL AUDIT ON THE FIRM PERFORMANCE_ EVIDENCE FROM AL-AHLIA CEMENT COMPANY, LIBYA (MASTER_2020).pdf Marwan Ibrahim Alfadhli The Influence Of Internal Audit The Firm Performance Evidence From Al-Ahlia Cement Company, Libya Corporations – Finance Cement industries – Libya Industrial management – Libya Financial corruption has become one of the biggest problems faced by the Libyan economy at present. Financial corruption is also an obstacle to social and economic development and it has spread to most state institutions due to the absence or weakness of the regulatory and legal institutions. Accordingly, an internal audit department may be the subject to a period of corruption and the auditor might be a party to this corruption because he is not subject to any supervision by authorities. This situation leads to numerous embezzlements, fraud and manipulation, especially in public funds, and consequently, inefficiency of the institution, low economic status and reputation. Hence, this study examined the influence of internal audit, internal audit standards and internal audit quality on the firm performance: using the case of Al-Ahlia Cement Company in Libya. Questionnaire was used to gather data from the respondents. The data gathered was analyzed using the Statistical Package for the Social Sciences (SPSS). The descriptive analysis such as arithmetic mean, and standard deviation was done to describe the elements of the questionnaire. Also, the inferential statistics such as pearson correlation coefficient was used to examine the relationship between the study variables, and the multiple regression analysis was used to determine the influence of internal audit, internal audit standards and the quality of internal audit on the firm performance in Al Ahlia Cement Company. The study revealed that internal audit, internal audit standards, and quality of internal audit influence on the firm performance. Moreover, there is a positive relationship between the independent variables and the dependent variable, and it is proven that the staffs of the internal audit department have sufficient experience in internal audit standard and are committed to them. The staff is characterised by integrity, honesty and most of the internal auditors in the company have the ethics of the profession and adhere to recruitment policies. Internal audit plays a prominent role in decision-making by senior management. Furthermore, internal audit assists management in making strategic decisions and contributes to making quality and effective decisions in order to achieve the objectives set by providing the appropriate climate. The internal audit function in Al-Ahlia Cement Company is important, because it helps management in determining the efficiency and effectiveness of the internal control system, protects assets, and ensures compliance with substantive policies and procedures. It also helps to detect and prevent fraud. Moreover, the internal Audit department helps to increase sales volume by focusing on sales activity, such as checking invoices by comparing them to actual sales, and expressing an opinion about the truth and fairness of the financial statements. The study concluded that the Internal Audit department is not affected by the corruption factors that the country is undergoing and that it enjoys independence from other departments. Dissertations, Academic Thesis |
| spellingShingle | 2020_The Influence of Internal Audit on The Firm Performance: Evidence from Al-Ahlia Cement Company, Libya |
| state | Terengganu |
| subject | Business Performance Auditing, Internal Corporations – Finance Cement industries – Libya Industrial management – Libya Dissertations, Academic |
| summary | Financial corruption has become one of the biggest problems faced by the Libyan economy at present. Financial corruption is also an obstacle to social and economic development and it has spread to most state institutions due to the absence or weakness of the regulatory and legal institutions. Accordingly, an internal audit department may be the subject to a period of corruption and the auditor might be a party to this corruption because he is not subject to any supervision by authorities. This situation leads to numerous embezzlements, fraud and manipulation, especially in public funds, and consequently, inefficiency of the institution, low economic status and reputation. Hence, this study examined the influence of internal audit, internal audit standards and internal audit quality on the firm performance: using the case of Al-Ahlia Cement Company in Libya. Questionnaire was used to gather data from the respondents. The data gathered was analyzed using the Statistical Package for the Social Sciences (SPSS). The descriptive analysis such as arithmetic mean, and standard deviation was done to describe the elements of the questionnaire. Also, the inferential statistics such as pearson correlation coefficient was used to examine the relationship between the study variables, and the multiple regression analysis was used to determine the influence of internal audit, internal audit standards and the quality of internal audit on the firm performance in Al Ahlia Cement Company. The study revealed that internal audit, internal audit standards, and quality of internal audit influence on the firm performance. Moreover, there is a positive relationship between the independent variables and the dependent variable, and it is proven that the staffs of the internal audit department have sufficient experience in internal audit standard and are committed to them. The staff is characterised by integrity, honesty and most of the internal auditors in the company have the ethics of the profession and adhere to recruitment policies. Internal audit plays a prominent role in decision-making by senior management. Furthermore, internal audit assists management in making strategic decisions and contributes to making quality and effective decisions in order to achieve the objectives set by providing the appropriate climate. The internal audit function in Al-Ahlia Cement Company is important, because it helps management in determining the efficiency and effectiveness of the internal control system, protects assets, and ensures compliance with substantive policies and procedures. It also helps to detect and prevent fraud. Moreover, the internal Audit department helps to increase sales volume by focusing on sales activity, such as checking invoices by comparing them to actual sales, and expressing an opinion about the truth and fairness of the financial statements. The study concluded that the Internal Audit department is not affected by the corruption factors that the country is undergoing and that it enjoys independence from other departments. |
| title | 2020_The Influence of Internal Audit on The Firm Performance: Evidence from Al-Ahlia Cement Company, Libya |
| title_full | 2020_The Influence of Internal Audit on The Firm Performance: Evidence from Al-Ahlia Cement Company, Libya |
| title_fullStr | 2020_The Influence of Internal Audit on The Firm Performance: Evidence from Al-Ahlia Cement Company, Libya |
| title_full_unstemmed | 2020_The Influence of Internal Audit on The Firm Performance: Evidence from Al-Ahlia Cement Company, Libya |
| title_short | 2020_The Influence of Internal Audit on The Firm Performance: Evidence from Al-Ahlia Cement Company, Libya |
| title_sort | 2020_the influence of internal audit on the firm performance: evidence from al-ahlia cement company, libya |