Abstract
The aim of this research was to find out the impact of the internal audit standards on sales in Al Ahlia Cement Company - Libya. The research was based on statistical analysis and descriptive analysis (SPSS). The researchers used both the arithmetic mean for standard deviation to describe the axes of the questionnaire and the Pearson correlation coefficient for the relationship between variables and multiple regression analysis for the Impact of internal audit standards on sales. The study concluded that there is Impact and a strong relationship between internal audit standards and sales in Al-Ahlia Cement Company – Libya, and that internal audit staff have sufficient experience in and adhere to internal audit standards. Auditors are honest and independent in their work. The internal audit has a prominent role in the decision-making process by the beneficiaries, and there is a special section of the sales audit in the institution checks the invoices with the goods and records the sales by an independent person. The researchers recommended that the audit opinion be consistent with accepted accounting principles and internal audit standards. They also recommended analyzing sales regularly to avoid fraudulent bills.
Highlights
In recent years, companies and institutions in all developed countries have taken an interest in internal audits, One of the reasons for this interest is the separation of departments and ownership, and companies became large-scale (Shara, 2017, pp 245), the internal audit function is concerned with all departments in the company, and is an base reference for management Due its recommendations and advice to senior management, where Helping the management to function optimally and ensure the integrity of financial processes (Salehi & Mayyo, 2016, pp 61), According to the Institute of Internal Auditors, The internal auditor performs broader functions for the external auditor, such as investigating financial matters, detection fraud, etc. (Li, Dai, Gershberg, & Vasarhelyi, 2018, pp 59-60)
As for the Libyan reality, it seems that the situation is very bleak, as the reports issued by the Audit Bureau published recently show the corruption and waste of public money in almost all sectors of the state, This situation shows that it is necessary to attention to the departments of internal auditing in state institutions and increase their efficiency to contribute to reducing such phenomena
The results of this study showed that internal audit standards, professionalism, internal control, independence of financial performance in commercial banks, increased internal audit standards, increased audit independence, and increased skills lead to increased financial performance and internal business control
Summary
Where internal audit standards are reliable and must be relied upon by internal auditors of any institution. These standards are the basis for the work of any internal auditor. Which is an base factor in strengthening the internal audit profession (Abdolmohammadi & Sarens, 2011, pp 366), whereas Internal audit standards are the rules by which the internal auditor's operations can be evaluated, as compliance with them leads to the achievement of the objectives of this function (Ajila & Zaqeeb, 2017, pp 63). In order for internal audit departments to be effective and efficient in their work, it is necessary adopt internal audit standards and abides by them (Karibat, 2017, pp 102)
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