The Role of Internal Audit in the Governance of Saudi Public Sector Institutions «An Empirical Study»

Abstract

This research aims to identify the role of the internal audit in governance of public sector corporations and linking 2030 vision with the future of the effects of the audit on the governance in this sector

The researcher used the inductive theoretical method by depending on the previous studies published in the specialized scientific periodicals, in the practical side she used the practical inductive method by extrapolating data and information by questionnaire’s forms which distributed over the study sample which is randomly composed from 120 internal auditors and accountants from governmental ministries, corporations, and authorities

After analyzing the answers of the participants by using SPSS program, the following conclusions were obtained:

There is a statistically significant relationship of the effect of the internal audit on the governance in the governmental sector and the accounting transparency at significant level (0.01)

There is a statistically significant relationship of the effect of the internal audit on the governance in the governmental sector to achieve the credibility of maintaining the state funds significant level (0.01).

There is a statistically significant relationship of the effect of the internal audit on the governance in the governmental sector and achievement of its mechanisms to combat corruptions at significant level (0.01)

There are statistically significant differences in the average of the effect of the internal audit on the governance in the governmental sector according to the variation of the scientific specialty in favor of accounting specialty at the average of higher ranks

There are no statistically significant differences in the average of the effect of the internal audit on the governance in the governmental sector according to the variation of experience years

The study concluded with a number of recommendations, the most important of which are:

The guidelines of Vision 2030 should be read and acted upon.

Auditors should be qualified on the basis of the international measures and the specifications of the General Authority of Saudi Auditors

The latest measures of the internal audit in the governmental units in Saudi Arabia should be reviewed