Explaining the components and model of effective internal control from the perspective of senior management and the audit committee with the approach of structural equations

Document Type : Original Article

Authors
Mohammadreza Mohagheghi 1
Reza Gholami-Jamkarani 2
gholamreza karami 3
Nezamoddin Rahimian 4
1 Ph.D. Student Department of Accounting, Qom Branch, Islamic Azad University, Qom, Iran
2 Associate Professor of Accounting, Qom Branch, Islamic Azad University, Qom, Iran.
3 Associate Professor Department of Accounting, Faculty of Management, University of Tehran, Tehran, Iran
4 Assistant Professor, Department of Accounting, Faculty of Management and Finance, Khatam University, Tehran, Iran
Abstract
Fulfilling the mission of any organization is affected by various factors, for its realization, a fundamental and planned process under the title of internal control system is used. purpose of research is to explain the components and present an effective internal control model from the perspective of senior management and the audit committee in companies admitted. In order to identify the effective components on the effectiveness of the internal control system of the companies, while reviewing the studies, using a quantitative method, a number of 403 senior managers and members of the audit committee of the companies admitted to the Tehran Stock Exchange by random sampling method were selected and a questionnaire extracted from the research literature was provided to them. The review of the research literature and the results of the questionnaires showed that the individual, performance, legal, managerial, environmental and organizational components in the effectiveness of the internal control of companies. are effective In the following, after analysis and advanced structural equation analysis model to interpret the relationship directly between the variables has been used. The results of the research showed that the six components of organizational, individual, legal, environmental, managerial performance had a positive and significant impact on the effectiveness of the internal control system. In addition, according to the estimated path coefficient, the highest positive impact is related to the environmental component with an impact factor of 0.219 and the lowest positive impact is related to the performance component with an impact factor of 0.128.
Keywords
Effective internal control
audit committee
structural equations
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