EFFECT OF INTERNAL AUDIT ON ORGANIZATIONAL PERFORMANCE OF JORDANIAN BANKS
Author Name : Abd Elkarim Salim Issa Albkour and Prof. Asiya Chaudhary
Volume : II, Issue :VII,March - 2017
Published on : 2017-03-20 , By : IRJI Publication
Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It comprises the plan of organization and all methods and measures adopted within a business to safeguard operational efficiency, and encourage adherence to prescribed managerial policies. It helps an organization to accomplish its objectives and improve the effectiveness of risk management, control, and governance processes. The present paper is an endeavour to examine the effect of internal audit on organizational performance of Cairo Amman Bank, Arab bank, and Jordan Kuwait Bank. A sample of 145 employees has been selected for the study. Data have been collected through questionnaires and analyzed with the help of simple linear regression. The analysis of data revealed that there is a significant positive impact of internal audit on organizational performance in banks under study.