The Impact of Establishment of Audit Committee and Internal Audit Unit on Improvement of the Financial Accountability of the Universities and Research Institutions

Before 2005, financial accountability of using Iran universities' financial resources was held in the hands of treasury officers who were selected by the ministry of Finance and Economic affaires. From 2005, based on the fourth economic, culture and social program act, the financial control sys...

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Autores principales:	Jafar Babajani, Masoud Babaee
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2011
Materias:	higher education and research institutions internal control financial accountability internal audit unit audit committee Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/cb2eddacc485456fadb6905dcb5a6a13
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spelling	oai:doaj.org-article:cb2eddacc485456fadb6905dcb5a6a132021-11-04T19:40:24ZThe Impact of Establishment of Audit Committee and Internal Audit Unit on Improvement of the Financial Accountability of the Universities and Research Institutions2008-89142476-292X10.22103/jak.2011.31https://doaj.org/article/cb2eddacc485456fadb6905dcb5a6a132011-01-01T00:00:00Zhttps://jak.uk.ac.ir/article_31_577b1b3598a5cafc6f3433207801571a.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XBefore 2005, financial accountability of using Iran universities' financial resources was held in the hands of treasury officers who were selected by the ministry of Finance and Economic affaires. From 2005, based on the fourth economic, culture and social program act, the financial control system changed and financial managers were selected by the heads of universities. This has made these universities presidents responsible for financial accountability of deploying and expending financial resources to board of directors and the supreme audit court since 2005. Because of this financial control system change, it seems that the establishment of Internal Audit unit and Audit Committee is essential in order to improve the financial accountability of such organizations. In this research we have tested this matter by means of questionnaires filled by accounting and auditing experts (Including financial officers, financial managers, independent auditors and supervisors) of those universities. According to our findings, the establishment of Internal Audit unit and Audit Committee in universities will have a major impact on improving the financial accountability of the mentioned organizations.Jafar BabajaniMasoud BabaeeShahid Bahonar University of Kermanarticlehigher education and research institutionsinternal controlfinancial accountabilityinternal audit unitaudit committeeAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 2, Iss 4, Pp 7-27 (2011)
institution	DOAJ
collection	DOAJ
language	FA
topic	higher education and research institutions internal control financial accountability internal audit unit audit committee Accounting. Bookkeeping HF5601-5689
spellingShingle	higher education and research institutions internal control financial accountability internal audit unit audit committee Accounting. Bookkeeping HF5601-5689 Jafar Babajani Masoud Babaee The Impact of Establishment of Audit Committee and Internal Audit Unit on Improvement of the Financial Accountability of the Universities and Research Institutions
description	Before 2005, financial accountability of using Iran universities' financial resources was held in the hands of treasury officers who were selected by the ministry of Finance and Economic affaires. From 2005, based on the fourth economic, culture and social program act, the financial control system changed and financial managers were selected by the heads of universities. This has made these universities presidents responsible for financial accountability of deploying and expending financial resources to board of directors and the supreme audit court since 2005. Because of this financial control system change, it seems that the establishment of Internal Audit unit and Audit Committee is essential in order to improve the financial accountability of such organizations. In this research we have tested this matter by means of questionnaires filled by accounting and auditing experts (Including financial officers, financial managers, independent auditors and supervisors) of those universities. According to our findings, the establishment of Internal Audit unit and Audit Committee in universities will have a major impact on improving the financial accountability of the mentioned organizations.
format	article
author	Jafar Babajani Masoud Babaee
author_facet	Jafar Babajani Masoud Babaee
author_sort	Jafar Babajani
title	The Impact of Establishment of Audit Committee and Internal Audit Unit on Improvement of the Financial Accountability of the Universities and Research Institutions
title_short	The Impact of Establishment of Audit Committee and Internal Audit Unit on Improvement of the Financial Accountability of the Universities and Research Institutions
title_full	The Impact of Establishment of Audit Committee and Internal Audit Unit on Improvement of the Financial Accountability of the Universities and Research Institutions
title_fullStr	The Impact of Establishment of Audit Committee and Internal Audit Unit on Improvement of the Financial Accountability of the Universities and Research Institutions
title_full_unstemmed	The Impact of Establishment of Audit Committee and Internal Audit Unit on Improvement of the Financial Accountability of the Universities and Research Institutions
title_sort	impact of establishment of audit committee and internal audit unit on improvement of the financial accountability of the universities and research institutions
publisher	Shahid Bahonar University of Kerman
publishDate	2011
url	https://doaj.org/article/cb2eddacc485456fadb6905dcb5a6a13
work_keys_str_mv	AT jafarbabajani theimpactofestablishmentofauditcommitteeandinternalauditunitonimprovementofthefinancialaccountabilityoftheuniversitiesandresearchinstitutions AT masoudbabaee theimpactofestablishmentofauditcommitteeandinternalauditunitonimprovementofthefinancialaccountabilityoftheuniversitiesandresearchinstitutions AT jafarbabajani impactofestablishmentofauditcommitteeandinternalauditunitonimprovementofthefinancialaccountabilityoftheuniversitiesandresearchinstitutions AT masoudbabaee impactofestablishmentofauditcommitteeandinternalauditunitonimprovementofthefinancialaccountabilityoftheuniversitiesandresearchinstitutions
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The Impact of Establishment of Audit Committee and Internal Audit Unit on Improvement of the Financial Accountability of the Universities and Research Institutions

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