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FACTORS INFLUENCING THE EFFECTIVENESS OF INTERNAL AUDIT IN THE POWER SECTOR OF PAKISTAN

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52 Pages : 474-491

http://dx.doi.org/10.31703/grr.2019(IV-III).52      10.31703/grr.2019(IV-III).52      Published : Sep 2019

Factors Influencing the Effectiveness of Internal Audit in the Power Sector of Pakistan

Abstract

    This study is an attempt to explore those factors which influence the effectiveness of the internal audit in the power sector of Pakistan. The results of the study were obtained on the basis of data collected from internal audit staff members (103) and management (103) of the four large companies of the power sector. The relationship of three factors, i.e., competencies of auditor, management support and relation between the audit committee and internal audit, with the effectiveness of internal audit is studied. It is found that increased competencies of management support and internal auditor have a positive influence on the effectiveness of internal audit in the form of an increase in the implementation of internal audit recommendations proposed by the internal audit.

    Audit Committee, Internal Audit, Effectiveness, Management Support, Competencies

    (1) Awais Tahir
    MBA Student, Institute of Management Sciences, Hayatabad, Peshawar, KPK, Pakistan.
    (2) Wisal Ahmad
    Assistant Professor, Abdul Wali Khan University, Mardan, KPK, Pakistan.
    (3) Muhammad Mudassar Anwar
    Assistant Professor, Department of Commerce, University of Kotli Azad Kashmir, Pakistan.
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Cite this article

APA

    APA : Tahir, A., Ahmad, W., & Anwar, M. M. (2019). Factors Influencing the Effectiveness of Internal Audit in the Power Sector of Pakistan. Global Regional Review, IV(III), 474-491. https://doi.org/10.31703/grr.2019(IV-III).52

CHICAGO

    CHICAGO : Tahir, Awais, Wisal Ahmad, and Muhammad Mudassar Anwar. 2019. "Factors Influencing the Effectiveness of Internal Audit in the Power Sector of Pakistan." Global Regional Review, IV (III): 474-491 doi: 10.31703/grr.2019(IV-III).52

HARVARD

    HARVARD : TAHIR, A., AHMAD, W. & ANWAR, M. M. 2019. Factors Influencing the Effectiveness of Internal Audit in the Power Sector of Pakistan. Global Regional Review, IV, 474-491.

MHRA

    MHRA : Tahir, Awais, Wisal Ahmad, and Muhammad Mudassar Anwar. 2019. "Factors Influencing the Effectiveness of Internal Audit in the Power Sector of Pakistan." Global Regional Review, IV: 474-491

MLA

    MLA : Tahir, Awais, Wisal Ahmad, and Muhammad Mudassar Anwar. "Factors Influencing the Effectiveness of Internal Audit in the Power Sector of Pakistan." Global Regional Review, IV.III (2019): 474-491 Print.

OXFORD

    OXFORD : Tahir, Awais, Ahmad, Wisal, and Anwar, Muhammad Mudassar (2019), "Factors Influencing the Effectiveness of Internal Audit in the Power Sector of Pakistan", Global Regional Review, IV (III), 474-491

TURABIAN

    TURABIAN : Tahir, Awais, Wisal Ahmad, and Muhammad Mudassar Anwar. "Factors Influencing the Effectiveness of Internal Audit in the Power Sector of Pakistan." Global Regional Review IV, no. III (2019): 474-491. https://doi.org/10.31703/grr.2019(IV-III).52