Measurement of the Effectiveness of Internal Audits in Public Sector*

Burcu İşgüden Kiliç, Özlem Kuvat and Engin Boztepe

A chapter in Contemporary Issues in Public Sector Accounting and Auditing, 2021, vol. 105, pp 207-218 from Emerald Group Publishing Limited

Abstract: Country and company bankruptcies at international level have put the economies of the world and countries in a difficult position. As a result of these negative developments, the measurement of the effectiveness of internal audits system together with accounting and audits have become important. The unit that plays a key role in measuring the effectiveness of internal control, whether in the private or public sector, is internal audit. In this respect, the purpose of the present study was to outline the criteria that increase the effectiveness of internal audit in public institutions. For this purpose, the SWARA Method was used. The SWARA Method is a multi-criterion decision-making method that is employed by decision-makers to determine the weights of the criteria and to sort them out. The Questionnaire of the study was applied to a participant group that consisted of 11 experts. According to the findings, the criteria that had the highest importance were “the presence of an independent internal audit activity and impartial internal auditors,” “Performing internal audit activities in line with ethical rules, standards, and relevant regulations,” and “Determining the risks regarding the objectives and the purpose of the institution, and measuring the effects of these risks.”

Keywords: Public sector; internal audit; SWARA Method; multi-criteria decision-making; internal auditors; effectiveness of internal audit; H83; M42; C4 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eme:csefzz:s1569-375920200000105015

DOI: 10.1108/S1569-375920200000105015

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