Factors Influencing the Effectiveness of Internal Audit in the Power Sector of Pakistan
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.
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Audit Committee, Internal Audit, Effectiveness, Management Support, Competencies
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(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
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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
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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
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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.
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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
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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.
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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
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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