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Phenomenology of Shadow Audit Procedures of Internal Control: Normative Stimulation of Key Matters Disclosure
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Abdolah Naseri Majd   , Ali Mahmoodi * , Mohammad Firouzain Nezhad , Mehdi Basirat |
| Assistant Professor, Department of Accounting, Ahvaz Branch, Islamic Azad University, Ahvaz, Iran. Email: Mahmoodi60@yahoo.com |
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Abstract: (292 Views) |
| Internal audit functions today, beyond the code of professional conduct in this field, can have an effective competitive role in companies' information disclosure processes. One of these areas is the functions based on shadow procedures in the internal control of companies, which can be considered as a lever to stimulate auditors' performance norms in disclosing key items in the audit report. The purpose of this research is phenomenology of internal control shadow audit procedures to stimulate the normative disclosure of key items in the report of independent auditors. In terms of methodology, this study is in the category of exploratory and mixed research, which by conducting interviews with experts in the qualitative section, first identifies the propositional themes of shadow audit procedures in internal control, and then based on Claizi's model (1978) to determine the core categories. This phenomenon takes the necessary action, in a quantitative part, based on the process of Gray VIKOR process, to examine the effect of the categories of this phenomenon on the normative stimulation of the disclosure of key items in the report of independent auditors. In this study, 12 accounting experts participated in the qualitative section, and 35 internal audit unit managers and heads of petrochemical companies' audit committees participated as participants in the quantitative section. The results of the study in the qualitative part indicate the existence of 26 propositional themes for shadow audit procedures in internal control, which are in 4 categories under the headings of "effectiveness of internal audit in the function of legal inspection"; "Effectiveness of internal audit of environmental functions"; "Effectiveness of internal audit in structural functions" and "Effectiveness of internal audit in controlling shareholders' interests" were categorized. On the other hand, it was determined in the quantitative section, under the influence of the control function of shareholders' interests as the most effective axis of shadow audit reporting specific content to users is considered the most important field of disclosure of the key items of the audit report, which can be stimulated as a normative process in the auditing profession. |
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| Keywords: Shadow Audit, Effective Internal Control, Key Matters Disclosure |
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Full-Text [PDF 1423 kb]
(84 Downloads)
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Type of Study: Research |
Subject:
Auditing
Received: 2024/05/19 | Accepted: 2024/09/14 | Published: 2025/06/28
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