The Impact of Financial Sharing System on Internal Audit Efficiency and Risk Management of Enterprises in the Era of Digital Economy

Ruiqi Gao ()
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Ruiqi Gao: The University of Sydney, ABS Business School

A chapter in Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024), 2024, pp 593-604 from Springer

Abstract: Abstract To explore the impact of financial sharing system on the efficiency, quality and risk management of internal auditing in enterprises, and to put forward corresponding management suggestions. The impact of financial sharing system characteristics, enterprise size, industry type and technology level on internal auditing is analyzed through multiple linear regression modeling, structural equation modeling and data envelopment analysis. Data samples from 100 enterprises of different industries and sizes were collected and analyzed with descriptive statistics and correlation analysis. It is found that the characteristics of financial sharing system have a significant impact on internal auditing, and the characteristics of the degree of implementation, technology level, and information security measures are positively correlated with audit efficiency, quality, and risk management. Meanwhile, factors such as enterprise size, industry type and technology level also affect the performance of internal audit. Based on the empirical results, management recommendations such as strengthening the construction and optimization of the financial sharing system, enhancing the training of the internal audit team, and establishing a sound internal audit system and process are proposed. These recommendations help enterprises to improve internal audit efficiency, quality and risk management capabilities, and promote the application and development of financial sharing systems.

Keywords: financial sharing system; internal audit; multiple linear regression model; efficiency (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-542-3_68

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