Effect of Internal Audit Characteristics on the Quality of Financial Information in SMEs in Côte d’Ivoire
- 1 Research Laboratory in Economics and Management (LAREG), Research Unit in Economics and Management, Jean Lorougnon Guédé University (UJLOG), Daloa, Ivory Coast
- 2 Laboratory of Organizational Sciences, Unit of Training and Research in Economics and Management, Félix Houphouët Boigny University (UFHB), Abidjan, Ivory Coast
Abstract
The objective of our study is to analyze the influence of internal audit characteristics on the quality of financial information produced by SMEs in Côte d’Ivoire. Interviews were conducted with five (5) audit experts, as well as a survey of 180 SMEs selected using the convenience sampling method in Abidjan. Methodologically, we adopted a mixed study (qualitative and quantitative). The structural equation modeling technique allowed us to process our data and thus determine the influence of internal audit characteristics on the quality of financial information of SMEs in Côte d’Ivoire. According to our results, our three hypotheses were confirmed. We recommend that SMEs implement an accounting and financial procedures manual, ensure the independence of internal auditors, establish audit committees, and make them independent in order to improve the quality of financial information produced by SMEs.
- Aboubakar, T. O. (2021). Influence of the Characteristics of the Accounting Information System (ISC) on the Optimization of the Tax Burden of SMEs in Côte d’Ivoire .
- Alphonse, P., Desmuliers, G., Grandin, P. and Levasseur, M. (2010). Gestion de portefeuille et marchés financiers, Pearson Education France.
- Anderson, K. L., Deli, D. N., & Gillan, S. L. (2003). Boards of Directors, Audit Committees, and the Information Content of Earnings. Weinberg Center for Corporate Governance Working Paper, (2003-04).
- Ayed, N. B. (2015). Les pratiques de calcul des coûts dans les PME en Tunisie: De l’ap-proche opérationnelle à l’approche stratégique. Doctoral Dissertation, Université du Droit et de la Santé-Lille II, Université de Sfax (Tunisie).
- Bampoky, B. (2013). Comment assurer une information financière de qualitésous le systèmecomptable OHADA? Comptabilité sans Frontières. The French Connection, May, Canada. https://hal.science/hal-01899192v1
- Bescos, P. L., & Mendoza, C. (1999). Contrôle de gestion, qualité des informations pour la prise de décision et facteurs de contingence, In Actes du 20e Congrès de l’Association Française de Comptabilité (pp. 5-7).
- Colasse B. (2009). Conceptual Accounting Frameworks. In B. Colasse (Ed.), Encyclopedia of Accounting, Management Control and Auditing (pp. 103-114). Economica.
- DeFond, M. L., & Francis, J. R. (2005). Audit Research after Sarbanes-Oxley. Auditing: A Journal of Practice & Theory, 24, 5-30. https://doi.org/10.2308/aud.2005.24.s-1.5
- DeZoort, F. T., Hermanson, D. R., Archambeault, D. S., & Reed, S. A. (2002). Audit Committee Effectiveness: A Synthesis of the Empirical Literature on Audit Committees. Accounting Faculty Publications.
- Gavard-Perret, M. L., Gotteland, D., Haon, C., & Jolibert, A. (2012). Méthodologie de la recherche en sciences de gestion: Réussir son mémoire ou sa thèse (p. 2). Pearson.
- Glazer, A. S., & Jaenicke, H. R. (1980). A Framework for Evaluating an Internal Audit Func tion. Foundation for Auditability Research and Education.
- Goodwin, J., & Yeo, T. Y. (2001). Two Factors Affecting Internal Audit Independence and Objectivity: Evidence from Singapore. International Journal of Auditing, 5, 107-125. https://doi.org/10.1111/j.1099-1123.2001.00329.x
- Hermanson, D. R., & Rittenberg, L. E. (2003). Internal Audit and Organizational Governance. Research Opportunities in Internal Auditing, 1, 25-71.