The role of internal audit function in strengthening corporate governance: a case on Yemeni commercial banks/ Abdulrahman Mohammed Al-yazidi, Md. Faruk Abdullah and Adeeb A. Alhebry

Mohammed Al-yazidi, Abdulrahman and Abdullah, Md. Faruk and A. Alhebry, Adeeb (2022) The role of internal audit function in strengthening corporate governance: a case on Yemeni commercial banks/ Abdulrahman Mohammed Al-yazidi, Md. Faruk Abdullah and Adeeb A. Alhebry. Journal of Emerging Economies & Islamic Research, 10 (2). pp. 90-109. ISSN 2289-2559

Abstract

This study examines the relationship between internal audit function (IAF) and the effectiveness of corporate governance (CG) in Yemeni commercial banks. The data were collected by a questionnaire survey distributed to internal auditors, heads of internal audit, chairman and members of audit committees, chief executives, and financial managers of Yemeni commercial banks. After distributing the questionnaire survey to the respondents, 158 valid questionnaires were obtained for analysis. Smart PLS 3 was used to analyse the data and test the hypotheses on the relationship between the attributes of the IAF and the effectiveness of CG. The study findings show a strong association between the efficacy of CG and the IAF's objectivity, independence, professional ethics, and IAF size. The results obtained represent a valuable addition to the literature on the attributes of IAF that affect the effectiveness of CG in developing countries, such as Yemen. Finally, the paper concludes that the attributes of the IAF have a significant and influential role in enhancing the effectiveness of CG.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Mohammed Al-yazidi, Abdulrahman
UNSPECIFIED
Abdullah, Md. Faruk
farukabdullah77@gmail.com
A. Alhebry, Adeeb
UNSPECIFIED
Subjects: H Social Sciences > HD Industries. Land use. Labor > Corporations > Corporate organization. Corporate governance
H Social Sciences > HF Commerce > Accounting. Bookkeeping > Auditing. Auditors > Internal auditing
H Social Sciences > HG Finance > Banking
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Business and Management
Journal or Publication Title: Journal of Emerging Economies & Islamic Research
UiTM Journal Collections: UiTM Journal > Journal of Emerging Economies and Islamic Research (JEEIR)
ISSN: 2289-2559
Volume: 10
Number: 2
Page Range: pp. 90-109
Keywords: Internal Audit, Internal Audit Effectiveness, Corporate Governance, Yemen, Commercial Banks
Date: May 2022
URI: https://ir.uitm.edu.my/id/eprint/74865
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