ASSESSING THE IMPACT OF INTERNAL AUDIT ON ORGANIZATIONAL SUCCESS

Abstract

Aim of the study: This research aims to assess the relationship between internal audit and organizational success in the form of corporate goal achievement. Design/Methodology: Under the quantitative research approach, the descriptive research design has been adopted. The reliability, correlation and the regression analysis techniques have been used for data analysis. Multivariate analysis techniques are used to extract a small number of latent variables from a large number of observed variables. Findings: The results suggest that the compliance audit, operational audit, and financial audit, as well as the information technology audit, have a direct impact on organizational success. In a simple way, the internal audit has a direct impact on organizational success. Practical Implications: This research work will help the policy makers in the Saudi Authority for intellectual property (SAIP) to make effective policies that increase the effectiveness of the internal audit. This work also contributes to the available literature showing the relationship between the success of the organization and the internal audit. Originality/value: This study is one of the early and the fewest research works conducted by the Saudi Authority for intellectual property (SAIP), and it is also one of the early studies conducted by using primary data analysis. Keywords: Organizational Success, SAIP, Audit, Internal Audit, Operational Audits, Financial Audit Paper Type: Research Article