About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

36 Technium Soc. Sci. J. 1 (2022)

handle is hein.journals/techssj36 and id is 1 raw text is: Technium Social Sciences Journal Vol. 36, 1-17, October, 2022 ISSN: 2668-7798 SOCIAL SCIENCES JOURNAL www.techniumscience.com The Role of Internal Audit in Evaluating Sustainable Performance and its Impact on the Quality of Financial Reports Emad Hamza Abd Alajeli, Asaad Mohammed Ali Wahhab2 12College of Administration and Economics, University of Karbala, Iraq emad.h@s .uokerbala.edu.iq, asaad.mauokerbala.edu.iq Abstract. This research aims to demonstrate the role of internal audits in evaluating sustainable performance and its impact on financial report quality using the balanced scorecard. It also drew the internal auditors' attention in industrial companies to the importance of evaluating sustainable performance and its influence on financial report quality. The researchers used the parallel scorecard to assess the General Company for Automotive and Equipment Manufacturing performance for the years 2017-2020. The General Company for the Production of Automobiles and Equipment and its factories, but not at the required level, and the internal audit of the General Company for the Production of Automobiles and Equipment focuses its work on the economic aspect in a big way and on the traditional financial reports whose data is quantitative and includes cash only. There is also a weakness in the internal audit concerning auditing business and reports prepared by the authorities responsible for the environmental aspect. In light of the conclusions, The researcher made several suggestions, the most important of which are due to the presence of contributions and interests in aspects of sustainable development by the research sample company, so it should prepare sustainable performance reports instead of Traditional financial reports because of the great importance of these reports in reporting all the achievements made by them, whether quantitative or descriptive and thus improving the company's reputation and image in the community. Keywords. Internal Audit, Performance Evaluation, Balanced Scorecard, Quality of Financial Reports 1. Introduction The emergence of the profession of internal auditing was linked to the emergence of the science of accounting, which passed through various stages and stations before it reached its current form. The objective of the internal audit profession was to discover defects that later turned into a tool to reduce fraud and maintain assets and other businesses committed to them; on the other hand, internal audit must adjust its methods and processes to meet current and future needs, The concept of sustainable development appeared for the first time in 1992, then the concepts of environmental quality in 1996 and then social quality in 2008. As a result of the transformation of the concept of performance from financial and accounting performance to the all-around performance that guarantees financial, social and environmental performance, this means achieving the three axes of the concept of sustainable development (economics, environment, social). By integrating the principle of social responsibility, the institution or organization will have gone beyond the traditional view that looks at profit as its primary goal 1

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most