Presenting an Effective Internal Audit Model from the Point of View of CEOs in Holding Companies

sona norouzi ¹ ( Ph.D student of accounting at Al-Zahra University )
gholamreza soleimany amiri ² ( Member of the faculty of accounting department of Al-Zahra University )

Submited date : 2022-10-30 Accepted date : 2024-09-24

Keywords: Corporate Governance, Internal Audit, Effectiveness, Effectiveness of Internal Audit,

Abstract :

Scrutinizing numerous corporate scandals in the past years has shown the importance of corporate governance components such as internal audit. The profession of internal audit has changed significantly over the past years and has become a necessary function in achieving the goals and protecting assets of organizations. Today, the internal auditor is accepted as an integral part of the management team, which has led to the expansion of the role of internal auditors in modern companies. However, the mere existence of an internal audit unit in companies and its implementation according to the standards and requirements does not guarantee the achievement of its goals. This view of effectiveness is called the strategic stakeholders view, and paying attention to it in internal audit activity leads to the legitimacy of the internal audit. Thus, in this qualitative research, based on the interviews conducted with 11 CEOs of Iranian holding companies and using the theme analysis method, a model for effective internal audit from the perspective of CEOs in holding companies has been designed and presented. The presented model shows the reasons for the lack of effectiveness of internal audit from the perspective of CEOs of holding companies and their expectations from effective internal audit.