The Institutional Theory on the Internal Audit Effectiveness: The Case of India

Document Type : Research Paper


1 ICSSR Senior Fellow, Western Regional Centre (Institute of ICSSR), Mumbai, India

2 Associate Professor of Accounting, Universitas Pelita Harapan, Indonesia


The necessity and importance of internal auditing in the Indian listed companies is increasing because of the strengthening of corporate governance practices by regulatory bodies, and the Indian market environment is becoming more competitive. This study attempted to determine some of the critical factors that affect the effectiveness of internal auditing in Indian listed companies. To this end, a sample of 252 Nifty companies was recruited. We mailed questionnaires to the Head of Internal Audit Department, Chief of Accounts, and Chief Executive Officers of the companies. The overall response rate was 29.4%. Companies represented manufacturing, information technology, retail, banking, and financial services. The results of multiple regression analysis revealed that the factors affecting the effectiveness of internal auditing are the competency of internal audit staff and the interaction of internal auditing with audit committee. The study came to the conclusion that institutional theory best explains the effectiveness of internal auditing in Indian context. It thus encourages auditing professionals to develop their core competencies for delivering their services efficiently, and informs them that the continuous interaction with audit committee members will help them to be focused on the organizational performance by improving the IA effectiveness. At the end, the theoretical and practical implications of the study along with the directions for the future research are provided.


Main Subjects

Article Title [Persian]

نظریه نهادی و اثربخشی حسابرسی داخلی: مطالعه موردی هند

Authors [Persian]

  • لال جاش 1
  • گلوریدا کاریاواتی 2
1 همکار تحقیقاتی ارشد موسسه آی سی اس اس آر، مرکز منطقه ای غرب (موسسه آی سی اس اس آر)، بمبئی، هند
2 دانشیار حسابداری، دانشگاه پلیتا هاراپان، اندونزی
Abstract [Persian]

به دلیل تقویت رفتارهای حکمرانی سازمانی توسط نهادهای نظارتی و رقابتی تر شدن بازار هند، ضرورت و اهمیت حسابرسی داخلی در شرکت های بورس هند در حال افزایش است. این مطالعه به دنبال تعیین برخی عوامل کلیدی موثر بر اثربخشی حسابرسی داخلی در شرکت های بورس هند بود. به این منظور، نمونه تحقیقاتی متشکل از 252 شرکت شاخص نیفتی (بورس ملی هند) به کار گرفته شد. ما پرسشنامه هایی را به روسای واحد حسابرسی داخلی، روسای حسابداری، و مدیران عامل این شرکت ها ایمیل کردیم. نرخ بازگشت کلی پرسشنامه ها، 29 درصد بود. این شرکت ها از صنایع مختلف مثل تولید، فناوری اطلاعات، خرده فروشی، بانکداری، و خدمات مالی بودند. نتایج تحلیل رگرسیون چند متغیره نشان داد که شایستگی کارکنان واحد حسابرسی داخلی و تعامل واحد حسابرسی داخلی با کمیته حسابرسی دو عامل موثر بر اثربخشی حسابرسی داخلی هستند. این مطالعه به این نتیجه رسید که نظریه نهادی بهترین توضیح را برای اثربخشی حسابرسی داخلی در فضای کسب و کار هند ارایه می کند. به این ترتیب، این مطالعه از متخصصان حسابداری می خواهد تا شایستگی های اصلی شان را برای ارایه موثر خدمات خود توسعه دهند و آنها را آگاه می سازد که تعامل مداوم با اعضای کمیته حسابرسی به آنها کمک خواهد کرد تا از طریق بهبود اثربخشی واحد حسابرسی داخلی بر عملکرد سازمان متمرکز باشند. در نهایت، نتایج نظری و عملی این مطالعه به همراه محورهای پیشنهادی برای تحقیقات آتی ارایه شده است.

Keywords [Persian]

  • کمیته حسابرسی
  • حمایت مدیریت
  • استقلال
  • شایستگی داخلی
  • تعامل واحد حسابرسی داخلی و کمیته حسابرسی
  • هند
  • اندازه
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