Internal audit function in the Croatian hospitality industry
References
- Abbott, L.J., Parker, S., and Peters, G.F. (2010), Serving Two Masters: The Association between Audit Committee Internal Audit Oversight and Internal Audit Activities, Accounting Horizons Vol. 24, No. 1 pp. 1-24, DOI: 10.2308/acch.2010.24.1.1., American Accounting Association
- ACFE, 2022, Occupational fraud 2022 - Report to the nations (2022), Association of Certified Fraud Examiners, available at: https://acfepublic.s3.us-west-2.amazonaws.com/2022+Report+to+the+Nations.pdf
- Ahmeti, A., Ahmeti, S., & Aliu, M. (2022). Effect of internal audit quality on the financial performance of insurance companies: Evidence from Kosovo. International Journal of Applied Economics, Finance and Accounting, 12(2), 63-68. doi:10.33094/ijaefa.v12i2.551
- Alic, M., & Rusjan, B. (2011). A model for measuring an ISO 9000 internal audit outcome. African Journal of Business Management, 5(13), 5388–5404. https://doi.org/10.5897/AJBM10.247
- Amoako, G.K., Bawuah, J., Asafo-Adjei, E. & Ayimbire, C. (2023) Internal audit functions and sustainability audits: Insights from manufacturing firms, Cogent Business & Management, 10:1, 2192313, DOI: 10.1080/23311975.2023.2192313
- Annaraud, K. Singh, D. & Lively, H.; (2014) Assessing and Analyzing Internal Control Practices in the Lodging Industry, The Journal of Hospitality Financial Management, 22:1, 26-31, DOI: 10.1080/10913211.2014.909251
- Archambeault, D.S., DeZoort T., & Holt T.P. (2008); The need for an internal auditor report to external stakeholders to improve governance transparency. Accounting Horizons 22:3, 75–89
- Arena, M., Azzone, G.; (2009) Identifying organizational drivers of internal audit effectiveness. International Journal of Auditing 13(1): 43–60. https://doi.org/10.1111/j.1099-1123.2008.00392.x
- Arena, M.; Jeppesen, K.K.; (2015). Practice Variation in Public Sector Internal Auditing: An Institutional Analysis. European Accounting Review, (), 1–27. doi:10.1080/09638180.2015.1018917
- Arsenyev, Y., Potemkin, L., Fillyppova, S., Bratus H. & Nikola, S., (2019) Audit of Activity Results at Enterprises of Hotel and Restaurant Business, Academy of Accounting and Financial Studies Journal, vol. 23, Issue 2. Print ISSN: 1096-3685; Online ISSN: 1528-2635
- Ashfaq, K., Rehman, S. U., Haq, M. U., & Usman, M. (2022). Factors influencing stakeholder’s judgment on internal audit function’s effectiveness and reliance. Journal of Financial Reporting and Accounting, doi:10.1108/JFRA-12-2020-0371
- Atlantic Grupa d.d. Godišnje izvješće, 2021; available at: Financijski rezultati (atlanticgrupa.com)
- Abdelrahim A, Al-Malkawi H-AN. (2022) The Influential Factors of Internal Audit Effectiveness: A Conceptual Model. International Journal of Financial Studies. 10(3):71. https://doi.org/10.3390/ijfs10030071
- Badara, M., Saidin S.Z.; (2013). The journey so far on internal audit effectiveness: A calling for expansion. International Journal of Academic Research in Accounting, Finance and Management Sciences 3: 340–51.
- Badara, M. S. Saidin, S. Z. (2014). Empirical Evidence of the Moderating Effect of Effective Audit Committee on Audit Experience in the Public Sector: Perception of Internal Auditors. Mediterranean Journal of Social Sciences, 5(10), 176–184.
- Bansal, P., Corley, K. (2011). The coming of age for qualitative research: Embracing the diversity of qualitative methods. Academy of Management Journal 54 (2): 233-237.
- Barzan, O. A. (2018), Factors influencing the effectiveness of internal audit on organizational performance, International Journal of Advanced Engineering, Management and Science, 4 (4), pp. 219-226.
- Birkinshaw, J., M. Y. Brannen, and R. L. Tung. (2011). From a distance and generalizable to up close and grounded: Reclaiming a place for qualitative methods in international business research. Journal of International Business Studies 42 (5): 573-581.
- Boţa-Avram C, Palfi C (2009) Measuring and assessment of internal audit’s effectiveness. Annals of the University of Oradea, Economic Science Series 18(3): 784–790
- Bshayreh, M. M., Tawaha, M. S., & Al-Khasawneh, R. O. H. (2019). The effect of electronic management in improving the quality of internal audit through developing the performance of internal auditor: An empirical study in the Jordanian insurance companies. Academy of Accounting and Financial Studies Journal, 23(5) Retrieved from www.scopus.com
- Chiarini, A. (2019). Why are manufacturing SMEs canceling their ISO 9001 certification? Research from Italy. Production Planning and Control, 30(8), 639–649. https://doi.org/10.1080/09537287.2019.1566840
- Christensen, L. (2022). Internal audit: A case study of impact and quality of an internal control audit. International Journal of Auditing, 26(3), 339-353. doi:10.1111/ijau.12280
- DeAngelo, L. E. (1981). Auditor size and audit quality. Journal of Accounting and Economics, 3(3), 183–199.
- Eulerich, A., Eulerich, M. (2020) What is the value of internal auditing? – A literature review on qualitative and quantitative perspectives, Maandblad voor Accountancy en Bedrijfseconomie 94(3/4) (2020): 83–92 DOI 10.5117/mab.94.50375
- Eulerich M, Lenz, R (2020) Defining, Measuring and Communicating the Value of Internal Auditing, The Institute of Internal Auditors Research Foundation, Altamonte Springs.
- Gephart, R. P. 2004. Qualitative research and the Academy of Management Journal. Academy of Management Journal 47 (4): 454-462.
- Gift O.E, (2018), Internal control and financial performance of hospitality organizations in rivers state, European Journal of Accounting, Auditing, and Finance Research Vol.6, No.3, pp.32-52,
- Hanaty, H., Chegri, B. E., & Hniche, O. (2022). Towards an approach based on internal audit for an integrative theoretical framework of the governance of public organizations; International Journal on Technical and Physical Problems of Engineering, 14(1), 18-23. Retrieved from www.scopus.com
- Hayek, A. F., Khan, M. M. S., Alajlani, S. E., Khan, Y., & Mokdad, S. S. E. (2022). The role of internal audit activity in acquiring external audit services: an empirical study of banks. Corporate Governance and Organizational Behavior Review, 6(3), 67-73. doi:10.22495/cgobrv6i3p6
- Heesakkers E, van Noorden JT, Vermeij-de Vries M, de Vos-Vermulm M (2019) Internal audit ambition model. The Institute of Internal Auditors Netherlands. https://www.iia.nl/SiteFiles/Doc/IA%20AM%20Application%20Guide%2020181004.pdf
- Hoos, F., Messier, W.F., Smith, J.L. and Tandy, P., 2014. The effects of serving two masters and using the internal audit function as a management training ground on internal auditors’ objectivity. Working Paper, HEC Paris.
- https://www.theiia.org/en/certifications/cia/eligibility-requirements/
- https://www.statista.com/study/9996/tourism-worldwide-statista-dossier/
- HTZ 2021 - Tourism in numbers 2021, Ministry of the Republic of Croatia, Buro of statistics, HTZ TUB HR_2021.pdf available at: www.htz.hr
- HTZ 2022 – Croatian hotel tourism – publication 2022, Croatian tourism Board, Hotelski turizam Hrvatske - izdanje 2022.pdf (htz.hr) available at: www.htz.hr
- Humphrey, C. 2014. Qualitative research – Mixed emotions. Qualitative Research in Accounting & Management 11 (1): 51-70.
- International professional practices framework (IPPF) 2017, The Institute of Internal Auditors Research Foundation (IIARF), Altamonte Springs, Florida, 2017.
- Intesa San Paolo Bilanci 2022, available at: Bilanci e relazioni - Intesa Sanpaolo
- Jiang, Like; André, Paul; Richard, Chrystelle (2017). An international study of internal audit function quality. Accounting and Business Research, (), 1–35. doi:10.1080/00014788.2017.1357461
- Karagiorgos, T., Drogalas, G., & Giovanis, N. (2011). Evaluation of the effectiveness of internal audit in Greek hotel business. International Journal of Economic Sciences and Applied Research, 4(1), 19–34.
- Jung, Y., Cho, M.; (2022). Impacts of reporting lines and joint reviews on internal audit effectiveness. Managerial Auditing Journal, 37(4), 486-518. doi:10.1108/MAJ-10-2020-2862
- Lenning J., Gremyr I. (2022) Unleashing the potential of internal audits: a review and research agenda, Total Quality Management & Business Excellence, 33:9-10, 994-1010, DOI: 10.1080/14783363.2021.1911635
- Lenz R., Hoos F., (2023) The future role of the internal audit function: ASSURE. BUILD. CONSULT. (2023), EDPACS, vol. 67 is.3, pp. 39-52, 10.1080/07366981.2023.2165361
- Lambekova, A., Syzdykova, E., Kuzgibekova, S., Kalymbetov, U., & Amirbekuly, Y. (2018). The increasing role of internal audit in the banking system in the context of expanding the range of financial services. Journal of Applied Economic Sciences, 13(6), 1757-1765.
- Lenz, R., and U. Hahn. (2015), A synthesis of empirical internal audit effectiveness literature pointing to new research opportunities. Managerial Auditing Journal, Vol. 30 Issue 1: 5–33.
- Malterud, K.; Siersma, V. D.; Guassora, A. D. (2015). Sample Size in Qualitative Interview Studies: Guided by Information Power. Qualitative Health Research, (), 1049732315617444–. doi:10.1177/1049732315617444
- Melia Hotels International, S.A. and Subsidiaries 2022, available at: 30050.2 Borrador de informe de RL eeff Meliá 30.6.2021 en inglés\(28-07-2021 10.30.32\) \(003\) (meliahotelsinternational.com)
- Mijoč, I, Ileš, M., Brocić, B. (2018), The role of internal audit in increasing quality of business operations of insurance companies,, Interdisciplinary management research XIV, IMR 2018, Conference paper, Faculty of Economics, University of Osijek, pp. 1356-1381.
- Mironeasa, C., Codina G.G., (2013), A new approach of audit functions and principles, Journal of Cleaner Production 43 (2013) pp. 27-36, http://dx.doi.org/10.1016/j.jclepro.2012.12.018
- NH hotels, 2021; Consolidated statement on non-financial information 2021 for NH hotel group a part of MINOR hotels available at: NH Hotels Stocks: Financial information | NH Hotel Group (nh-hotels.com)
- Parte Esteban, L. & Ferrer García, C. (2014). The influence of firm characteristics on earnings quality, International Journal of Hospitality Management, 42, pp. 50-60. http://doi.org/10.1016/j.ijhm.2014.06.008
- Power, M., Gendron, Y.; (2015). Qualitative Research in Auditing: A Methodological Roadmap. AUDITING: A Journal of Practice & Theory. 34. 147-165. 10.2308/ajpt-10423.
- Prawitt D.F., Smith J.L., Wood, D.A.; (2009) Internal audit quality and earnings management. The Accounting Review 84(4): 1255–1280. https://doi.org/10.2308/accr.2009.84.4.1255
- PWC and IIA Croatia (2009), Internal audit in Croatia - Market research 2009, PriceWaterhouseCoopers, 2009. Available at: https://www.pwc.hr/hr/publikacije/assets/istrazivanje/ia_report_2009_hrv.pdf
- Ramly, E. F., Atan, H., & Osman, M. S. (2018). Issues and improvement opportunities in management system internal audit - A survey. Proceedings of the International Conference on Industrial Engineering and Operations Management, 2018-March (pp. 337–343).
- Reding, et. al., (2013), Internal auditing. Altomonte Springs, Fla.: Institute of Internal Auditors, Research Foundation.
- Rijamampianina, R.; (2016). A qualitative analysis of the internal audit function in the banking sector. Banks and Bank Systems. 11. 161-168. 10.21511/bbs.11(4-1).2016.07.
- Roth, J. (2003). How do internal auditors add value? Institute of Internal Auditors, 60(1), 33–37.
- Roussy, M. (2022). Engaging in internal audit research… in the public sector no less: A hara-kiri for your academic career? no way! Canadian Journal of Administrative Sciences, 39(3), 347-352. doi:10.1002/cjas.1661
- Roussy, M., Barbe, O., & Raimbault, S. (2020). Internal audit: from effectiveness to organizational significance. Managerial Auditing Journal, 35(2), 322–342. doi:10.1108/maj-01-2019-2162
- Roussy, Mélanie (2013). Internal auditors’ roles: From watchdogs to helpers and protectors of the top manager. Critical Perspectives on Accounting, 24(7-8), 550–571. doi:10.1016/j.cpa.2013.08.004
- Sarens G, Abdolmohammadi MJ (2011) Monitoring effects of the internal audit function: Agency theory versus other explanatory variables. International Journal of Auditing 15: 1–20. https://doi.org/10.1111/j.1099-1123.2010.00419.x
- Sarens G, De Beelde I (2006) The relationship between internal audit and senior management: A qualitative analysis of expectations and perceptions. International Journal of Auditing 10(3): 219–241. https://doi.org/10.1111/j.1099-1123.2006.00351.x
- Sawyer, L. B. and Vinten, G. (1996). The Manager and the Internal Auditor. New York: John Wiley & Sons, Inc.
- Schmidgall, Raymond S.; Damitio, James W. (1990). Internal Auditing Activities of the Major Lodging Chains. Hospitality Research Journal, 14(2), 255–268. doi:10.1177/109634809001400228
- Shahroor H.; (2018), The Efect of Internal Audit on Management Performance in (ADCO), European Journal of Business Management, ISSN 2222-1905, Vol. 10, No 14, 2018.
- Soh DSB, Martinov-Bennie N (2011) The internal audit function: Perceptions of internal audit roles, effectiveness and evaluation. Managerial Auditing Journal 26(7): 605–622. https://doi.org/10.1108/02686901111151332
- Institute of Internal Auditors (IIA) (2020) International Professional Practices Framework (IPPF). The Institute of Internal Auditors, Altamonte Springs. https://na.theiia.org/standards-guidance/Pages/Standards-and-Guidance-IPPF.aspx
- Sulaiman, N. A., Kamarudin, N. N., & Shahimi, S. (2022). Internal audit effectiveness in insurance and takaful companies in malaysia: A study of internal auditors and auditees’ perceptions. Asian Journal of Business and Accounting, 15(2), 1-30. doi:10.22452/ajba.vol15no2.1
- Tomic, B., & Spasojevic Brkic, V. K. (2019). Customer satisfaction and ISO 9001 improvement requirements in the supply chain. The TQM Journal, 31(2), 222–238. https://doi.org/10.1108/TQM-07-2017-0072
- Tsvetanova, Y. (2014). Features of internal audit in pharmaceutical industry. Pharmacia, 61(2), 30-34.
- Tušek B., (2005), Organizacija i upravljanje internom revizijom, Računovodstvo i porezi u praksi, 8/2005 p 72.
- Tušek, B., Sever, S. (2007), The role of Internal auditing in the increase of Business quality of enterprises in the republic of Croatia – empirical research, Zbornik Ekonomskog fakulteta u Zagrebu, Pavković, A. (ur), pp. 273 – 294, 5 (1) [available at: http://hrcak.srce.hr/26135
- Underdown, R., & Yentzen, G. (2012). The process of internal audits as a catalyst for continuous improvement. In 62nd IIE Annual Conference and Expo 2012
- Unicredit Bilanci e Relazioni, 2022, available at: Bilanci e relazioni - UniCredit (unicreditgroup.eu)
- Van der Nest, D. P., Smidt, L., & Lubbe, D. (2015). The application of statistical and/or non-statistical sampling techniques by internal audit functions in the south african banking industry. Risk Governance and Control: Financial Markets and Institutions, 5(1), 72-80. doi:10.22495/rgcv5i1art7
- Van Gansberghe, C. N. (2005). Internal auditing in the public sector: A consultative forum in Nairobi, Kenya, shores up best practices for government audit professionals in developing nations. Internal Auditor, 62(4), 69–73.
- Verkhovskaya, M. V., Khazanov, O. V., Vasina, J., & Gavrikova, N. A. (2016). Improvement of the procedure of internal audit at TPU (Institute of Natural resources). In K. S. Soliman (Ed.), Proceedings of the 27th International business Information management association conference - Innovation Management and Education Excellence vision 2020: From Regional Development Sustainability to global Economic growth (pp. 31–37). IBIMA
- www.hiir.hr/hr/interna-revizija-u-rh/133
DOI: https://doi.org/10.2478/wsbjbf-2023-0007 | Journal eISSN: 2657-4950
Language: English
Page range: 53 - 65
Published on: Nov 9, 2023
Published by: WSB Merito University in Gdansk
In partnership with: Paradigm Publishing Services
Publication frequency: 1 times per year
Keywords:
Related subjects:
© 2023 Dubravka Vlašić, Karmen Paolić Laganis, published by WSB Merito University in Gdansk
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.