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Literature Review of the influence of Internal Audit Function on Corporate Governance

Author

Listed:
  • Newman Wadesango

    (University of Limpopo, RSA)

  • Blessing Nyakumwa

    (Midlands State University)

  • Lovemore Sitsha

    (Midlands State University)

Abstract

Internal audit is thought to play a role in the centralized management of internal control and risk in corporate governance. A corporation's direction, control, and accountability are governed by a system of procedures, conventions, value codes, policies, regulations, and structures known as corporate governance. Corporate governance ensures that the company is run efficiently, that goals are achieved, and that resources are managed with the highest level of legality and probity. The purpose of this desktop study was to establish the influence of internal audit function on corporate governance in a parastatal companies. The study established that there is a positive relationship between the effectiveness of internal audit functions and corporate governance.

Suggested Citation

  • Newman Wadesango & Blessing Nyakumwa & Lovemore Sitsha, 2023. "Literature Review of the influence of Internal Audit Function on Corporate Governance," Journal of Economic and Social Development, Clinical Journals Press, vol. 10(02), pages 01-12.
    • Handle: RePEc:ris:joeasd:0031
    as

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    References listed on IDEAS

    as
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    8. Elias Gebrayel & Hajer Jarrar & Charbel Salloum & Quentin Lefebvre, 2018. "Effective association between audit committees and the internal audit function and its impact on financial reporting quality: Empirical evidence from Omani listed firms," Post-Print hal-04134798, HAL.
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    More about this item

    Keywords

    Internal Audit Function; Parastatal; Corporate Governance; NSSA;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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