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EFFECT OF INTERNAL AUDIT ON FINANCIAL PERFORMANCE
OF LISTED PLANTATION…
EFFECT OF INTERNAL AUDIT ON FINANCIAL PERFORMANCE
OF LISTED PLANTATION COMPANIES IN COLOMBO STOCK EXCHANGE
Research Question
Main Research Question
Does internal audit practice impact financial
performance of listed plantation companies in CSE?
Sub Research Questions
To what extent does the internal audit practice impact the firm’s financial performance of listed plantation companies in CSE?
What is the nature of the relationship between internal audit practice and the financial performance of listed plantation companies in CSE?
Research Objective
The overall objective of this study is to investigate the impact of internal audit practice on the financial performance of listed plantation companies in CSE .
Sub Objectives
To identify the impact of professional competency on financial performance of listed plantation companies in CSE
• To identify the is an impact of independent of the internal audit committee on the financial performance of listed plantation companies in CSE
• To identify the impact of experience of internal auditor on financial performance of listed plantation companies in CSE
• To identify the impact of the number of audit committee meeting on the financial performance of listed plantation companies in CSE
Significant of the study
**There are most of the studies are related to the subsection of the banking and insurance sector in the world and also in the Sri Lankan context.
In Sri Lanka, the Plantation sector plays a major role in the economy.**
This study will help in increasing the role and image of internal audit in Plantation Companies to make it more effective and professional. It will help the shareholders appreciate the role of the internal audit as one of the most important managerial control systems in an
the organization required to safeguard their interests.
The management of plantation companies will be able to look for ways of making Internal Audit a completely independent function from the management thus making it more effective.
Methodology
Data Collection :
by using secondary data sources. annual reports of all the listed plantation companies for the period 2016-2020( Five Years)
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Use descriptive statistics, correlation analysis, and regression analysis as analytical tools.
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H1-There is a positive relationship between audit committee size and financial performance of listed Plantation companies in CSE
H2-There is a positive relationship between the independence of the internal Audit Committee and the financial performance of listed Plantation companies in CSE
H3- There is a positive relationship between professional competency and firm performance listed Plantation companies in CSE
H4- There is a positive relationship between internal auditor’s working experience of and firm performance of listed Plantation companies in CSE
H5- There is a positive relationship between audit committee meeting and firm performance of listed Plantationcompanies in CSE
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