Research on the Opinion of Turkey’s Energy Sector Employees Related to Risk-Based Internal Auditing

Gökhan Ömer Karlıdağ ()
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Gökhan Ömer Karlıdağ: S.M.M.M., C.F.E., K.G.K. Bağımsız Denetçi, İç Denetim Yöneticisi, İstanbul, Türkiye

Muhasebe Enstitusu Dergisi - Journal of Accounting Institute, 2021, vol. 64, issue 64, 59-70

Abstract: Currently, internal audits support risk management processes by identifying and monitoring the business risks. They also examine whether the internal control mechanisms established within the enterprise are carried out effectively and efficiently. In other words, internal auditors’ activities include a transaction and error-oriented approach, and they have begun to determine whether the processes are managed effectively. Business activities are always intertwined with risks. Almost all strategic, financial, and operational decisions may contain uncertainties. Some of these uncertainties positively affect business activities by chance, while some of these uncertainties are considered risks and have negative results. Evaluation of the strategic, financial, and operational decisions and their impacts on the company can only be achieved through a risk-based internal audit. This study used a questionnaire to gather information about the risks faced by publicly traded and non-publicly traded enterprises operated in Turkey’s energy sector. The questionnaire also explored energy sector employees’ opinions of risk-based internal audit practices. The responses to the questionnaire were then evaluated and analyzed.

Keywords: Energy Sector in Turkey; Risk-Based Internal Audit; Risk Management (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ist:imeder:v:0:y:2020:i:64:p:59-70

DOI: 10.26650/MED.826908

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