IDEAS home Printed from https://ideas.repec.org/a/aif/journl/v20y2023i1p123-131.html
   My bibliography  Save this article

Factors determining Internal audit quality in some selected banks in Bangladesh

Author

Listed:
  • Anowar Parves

    (Janata Bank Limited, CAD, Head Office, Dhaka, Bangladesh.)

  • Mohammad Ataul Huq Bhuyan

    (Janata Bank Limited, CAD, Head Office, Dhaka, Bangladesh.)

Abstract

The goal of this study was to identify and analyze the factors that influence the quality of internal audits in a sample of Bangladeshi banks. The study used a combination of qualitative and quantitative research methods and included a sample of banks chosen based on the size and representation of different regions in the country. Data was collected through interviews with internal auditors, management, and regulators, as well as analysis of internal audit reports and other relevant documents. The findings of the study showed that several factors contribute to the quality of internal audits in Bangladesh's banking sector, including the independence and objectivity of the internal audit function, the expertise and qualifications of internal auditors, the adequacy of resources and support, and the effectiveness of communication and reporting. The study also identified areas for improvement, including the need for greater standardization and consistency in internal audit practices and the importance of aligning internal audit activities with the organization's risk profile. These findings have implications for internal auditors, management, regulators, and other stakeholders in the banking industry, and offer recommendations for improving the quality of internal audits in Bangladesh.

Suggested Citation

  • Anowar Parves & Mohammad Ataul Huq Bhuyan, 2023. "Factors determining Internal audit quality in some selected banks in Bangladesh," International Journal of Science and Business, IJSAB International, vol. 20(1), pages 123-131.
    • Handle: RePEc:aif:journl:v:20:y:2023:i:1:p:123-131
    as

    Download full text from publisher

    File URL: https://ijsab.com/wp-content/uploads/2060.pdf
    Download Restriction: no
    File URL: https://ijsab.com/volume-20-issue-1/5655
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dhiaa Shamki & Thuraiya Amur Alhajri, 2017. "Factors Influence Internal Audit Effectiveness," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(10), pages 143-143, September.
    2. Achmad Dzulfikar Dzikrullah & Iman Harymawan & Melinda Cahyaning Ratri, 2020. "Internal audit functions and audit outcomes: Evidence from Indonesia," Cogent Business & Management, Taylor & Francis Journals, vol. 7(1), pages 1750331-175, January.
    3. repec:eme:maj000:02686900610634775 is not listed on IDEAS
    4. Delroy Chevers & Devon Lawrence & Arlene Laidlaw & Dane Nicholson, 2016. "The Effectiveness of Internal Audit in Jamaican Commercial Banks," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 15(3), pages 522-541, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Larisa V. Iureva, Margarita S. Marfitsyna, 2024. "Assessing the Effectiveness of the Internal Control System of Russian Universities," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 23(2), pages 551-573.
    2. Abbas, Asad, 2023. "Internal Audit Effectiveness and Its Determinant Factors in Commercial Banks of Ethiopia: The Case of Bale Robe Town," OSF Preprints aktqg, Center for Open Science.
    3. Tarisai Fritz Rukuni & Tafadzwa Clementine Maramura & Marble Mampa, 2022. "A clean audit and service delivery comparative study of two municipalities in Mpumalanga province in South Africa," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(10), pages 242-255, December.
    4. ADAMU Mohammed. Mahmoud & DAMAGUN, Y.M, 2023. "Determinants of Internal Audit Effectiveness in the Nigerian Paramilitary Agencies," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(11), pages 1005-1022, November.
    5. Bouchetara, Mehdi & Nassour, Abdelkader, 2020. "Internal Auditing In The Face Of Banking Fraud, Application Of The Benford Law On Algerian Private Bank," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 11(2), pages 108-120.
    6. Majid, Hassan, 2023. "Internal Audit Effectiveness and Its Determinant Factors in Commercial Banks of Ethiopia: The Case of Bale Robe Town," OSF Preprints 2xjkd, Center for Open Science.
    7. Aggelia Xanthopoulou & Andreas Delegos & Petros Kalantonis & Panagiotis Arsenos, 2021. "Exploring the Effect of Corporate Governance on the Audit Effort: The Case of Greek Port Authorities," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 111-129.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aif:journl:v:20:y:2023:i:1:p:123-131. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Farjana Rahman (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.