Application of Global Internal Audit Standards for Sustainable Financial Reporting
DOI:
https://doi.org/10.46793/Rev25110.105DJKeywords:
internal audit, Global Internal Audit Standards, financial reporting, audit quality, sustainabilityAbstract
Global Internal Audit Standards provide the foundation for professional internal auditing practices worldwide and serve as a benchmark for achieving internal audit quality. These standards establish principles, requirements, considerations, and examples
for the professional practice of internal auditing globally. They apply to both internal audit functions and individual auditors, including the head of the internal audit unit. Internal auditing contributes to an organization’s sustainability and stability by ensuring operational efficiency, the reliability of reporting, compliance with laws and regulations, asset protection, and the promotion of an ethical culture. The head of the internal audit unit is responsible for ensuring that the audit function complies with all applicable principles and standards, while all internal auditors are accountable for maintaining ethical and professional conduct and delivering high-quality audit services. This paper highlights the application of Global Internal Audit Standards in the context of financial reporting. The research is based on a descriptive approach and the use of survey questionnaires. It aims to make a theoretical contribution by expanding existing knowledge and demonstrating how the implementation of these standards influences internal audit practices and the quality of financial report data—information that can significantly impact investor decision-making.
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