Internal audit is a requirement for all the organizations in King Abdullah Empire and as such, this research looks into internal audit efficiency in the local governments and zeroes in on the Al Sharqiyah emirate. …
Download file to see previous pages...
Variables used to measure the efficiency include the competence of the staff in the audit department, the size of the department, the independence and autonomy of the audit department, the management support of the audit process, relationship of the internal practitioners with the internal auditors and eventually, the relationship between the audit council and the auditing department (Kamrava, 2010).
The methodology used in the survey, archival and the conduction of the research involved the use of unstructured interviews (personalized and intercepted via telephone) and use of survey questionnaires, the respondents in this process included administrators form the Al Sharqiyah Municipal government and in this organization, the internal audit department will be fully utilized as a source of information, Correspondence with the governor or his handlers will be required to evaluate the efficiency of the operations in the local government and to have their opinion ad take on the role and importance of internal auditing in local government.
The analysis of the findings will help determine the level of comprehension of the practitioners and stakeholders of the audit process and importance and also gauge their efficiency in the implementation of the same. A review of their competence levels will be of prime importance since it will also indicate the nature of the workforce in the local government versus the kind of work they do which in turn will assist in the evaluation of their efficiency at work. The background information on the structure of local government and audit requirements of local government as mandated by the Generally Accepted Auditing Principles and the Audit Practice in Local Government will be used as a yardstick in the measurement of efficiency of the practitioners, the internal audit process and the compliance of the administrators to the laid rules and regulations of internal auditing (Kamrava, 2010). BACK GROUND / INTRODUCTION OF THE STUDY Saudi Arabia, home to a massive population of 22.1 million people according to polls done in 2001 by the Saudi Department of Statistics. To manage this population that sits on land and water. The Saudi Arabian government has divided the nation onto fourteen provinces also known as emirates. These are namely Al Banah,Al Hudud as Shamaliyah, Al Jawaf, Al Madinah, Al Qasim, Al Qurayyaf, Ar Riyadin , Al Sharqiyah ,Asir Hail Jizan, Mkkah, Najra and Tabuk. All these emirates are either headed by brothers, sons and nephews and other kin to the King (currently King Abdullah) according to the economic and political significance of the emirate. This system allows the emirates to be divided into districts and sub-districts relative to their geographical size. With the developments in trade within Saudi Arabia and the world, the economy, social set up and political
...Download file to see next pagesRead More
Cite this document
(“The Effectiveness of Internal Auditing in Saudi Arabian Local Essay”, n.d.)
Retrieved from https://studentshare.org/finance-accounting/1393185-effectivness-internal-auditing
(The Effectiveness of Internal Auditing in Saudi Arabian Local Essay)
“The Effectiveness of Internal Auditing in Saudi Arabian Local Essay”, n.d. https://studentshare.org/finance-accounting/1393185-effectivness-internal-auditing.
The government is developing this sector under the policy of developing the non-oil base of the economy. Globalization is posing considerable strains on the system. Human resources are keys for the success of a bank as its performance is highly dependent on the professionals.
As a result, the Saudi government has developed a policy of ‘Saudization’ as a way of replacing expatriates with Saudi workers to solve the problem of unemployment (Fakeeh, 2009). The policy also represents a developmental necessity in the sense that it requires the Saudi government to commit and show eagerness to prove to its nationals that they are more worthy of government attention and action than their counterparts, the expatriates.
Similarly, due to the nature of royal families, they occupy all significant ministries in the government. For instance, the ministries of armed forces, security, finance, provincial administration and the civil service are all reserved for the royal family.
practices. For the purpose of this study, training effectiveness is defined by factors such as consensus between training participants and their senior management, better communication, team work, more involvement of their work and faster decision making and problem solving.
Background-- When one reads History, there was a quote stating that Sun never sets over British Empire. It was history. But in today's Global village economies, and multinational companies, having offices and organizations in different continents, and outsourcing their business activities, work for more than twenty four hours in the day, and through out the year.
In this regard, we utilized the concept of a secret shopper by pretending to be customers but doing it for another purpose; it is to evaluate commercial establishments not only for the quality of their services and products but
Even they need to collaborate and engage with the stakeholders and shareholders to deal with potential risks and to build trust and creditability in society in a more effective manner (NCB, 2009).
Depending on the present scenario it can be
rabia’s social and economic problems are different from the American dream and can therefore be assumed to be following a different model altogether.
The most notable difference between Saudi and American economy is the fact that Saudi’s economy is largely based on oil,
ed for diversification in economy and increase in domestic energy demand, because of this it is committed to large-scale infrastructure investment on alternative energy sources to drive the economy and support the domestic business environment. Saudi Arabia authorities are
1 Pages(250 words)PowerPoint Presentation
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic The Effectiveness of Internal Auditing in Saudi Arabian Local Government for FREE!