Quarterly Studies in Banking Management and Islamic Banking

Studying the Effectiveness of the Internal Audit System in Sepah Bank

Document Type : Original Article

Authors

davoud panahi 1
sara niknafs 2
hasan javid asl isaluo 3

1 Department of Accounting, Faculty of Humanities, Ardabil Branch, Islamic Azad University, Ardabil, Iran

2 Moghadase Ardabili Education Institute - Ardabil - Iran

3 Islamic Azad University, Ardabil branch , ardabil ,iran.

https://doi.org/10.22034/jifb.2023.364664.1387
Abstract
The responsibility of the internal control system in any organization lies with the management of that organization, and one of the most important internal controls that is implemented today in most large companies in developed countries is internal audit. This control has a significant bearing on meeting the needs of users of the results of internal audit operations. Therefore, the present study has investigated the effectiveness of internal audit in Sepeh Bank has been investigated. The statistical population of this study was composed of financial, banking, and credit employees, financial and administrative managers, and administrative and financial assistants of Sepeh Bank. The sample included 140 people selected from this population, and the hypotheses were tested on the responses of these people. The data was collected through a questionnaire. The Cronbach's alpha method was used to measure the reliability of this tool. Moreover, in order to analyze the data, the researchers employed both descriptive statistical methods, such as calculating means and standard deviations, and inferential statistics, e.g., correlations between research variables and Pearson's rank analyses. The software packages used for data analysis were SPSS 19 and Eviuse 7. The results indicate that the effectiveness of internal audit in Sepeh Bank is acceptable.

Keywords

Effectiveness
Confidentiality
Impartiality
Continuity
Independent functioning
Professional competence
Activity scope

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