Perceived Internal Audit Quality and External Auditors’ Attributes in Iranian and Iraqi Banks

The significance of internal auditing and its quality cannot be overstated, making it essential to investigate the factors influencing this quality. This study, employing a cross-sectional analysis, aims to assess how the characteristics of external auditors affect the perceived quality of internal audits in Iranian and Iraqi banks. In 2024, data regarding the attributes of external auditors and the perceived quality of internal audits were collected through a questionnaire distributed to external auditors from various banks in Iran and Iraq. The data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM). The study reveals a positive relationship between external auditors’ competence and independence and the perceived quality of internal audits, while it shows a negative impact of external audit methodologies on this perceived quality. These findings highlight the importance of external auditors’ independence as a key determinant of perceived internal audit quality.

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Publication Details

Journal
Journal of risk and financial management
Published
2024-12-25
DOI
https://doi.org/10.3390/jrfm18010003
Citations
1
Primary Topic
Auditing, Earnings Management, Governance
Type
article
Field-Weighted Citation Impact
0.95
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article

Perceived Internal Audit Quality and External Auditors’ Attributes in Iranian and Iraqi Banks

Bita Mashayekhi, Yousif Mohammed
1 citations
Journal of risk and financial management
Auditing, Earnings Management, Governance
0.95
article

Perceived Internal Audit Quality and External Auditors’ Attributes in Iranian and Iraqi Banks

Bita Mashayekhi, Yousif Mohammed
article en
1 citations

Abstract

The significance of internal auditing and its quality cannot be overstated, making it essential to investigate the factors influencing this quality. This study, employing a cross-sectional analysis, aims to assess how the characteristics of external auditors affect the perceived quality of internal audits in Iranian and Iraqi banks. In 2024, data regarding the attributes of external auditors and the perceived quality of internal audits were collected through a questionnaire distributed to external auditors from various banks in Iran and Iraq. The data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM). The study reveals a positive relationship between external auditors’ competence and independence and the perceived quality of internal audits, while it shows a negative impact of external audit methodologies on this perceived quality. These findings highlight the importance of external auditors’ independence as a key determinant of perceived internal audit quality.

Journal of risk and financial managementVol. 18(1)
University of Tehran (IR), Soran University (IQ)
Openalex Percentile: Top 17%
Auditing, Earnings Management, Governance
0.95
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Perceived Internal Audit Quality and External Auditors’ Attributes in Iranian and Iraqi Banks — Bita Mashayekhi, Yousif Mohammed · Journal of risk and financial management (2024) | TGRS Research Map | TGRS