The impact of applying internal auditing standards on banking risk management during crises: a field study on banks operating in Palestine DOI

Kayed M. Tanbour,

Moufida Ben Saâda, Abdulnaser Ibrahim Nour

et al.

Journal of financial reporting & accounting, Journal Year: 2025, Volume and Issue: unknown

Published: May 5, 2025

Purpose This study aims to examine the impact of 2017 Institute Internal Auditors (IIA) Standards on risk management within Palestinian banks, a sector operating amidst persistent economic instability and conflict since 2020. Focusing “Attributes” “Performance” standards, research investigates their influence practices in this challenging environment understand effectiveness mitigating managing risks. Design/methodology/approach Using an explanatory sequential mixed-methods design, IIA banks. A purposive sample 160 professionals from internal audit, related committees participated study. Quantitative data were collected through questionnaire, followed by semistructured interviews with selected participants provide deeper insights interpret quantitative findings. Multiple linear regression analysis was used test study’s hypotheses, specifically examining relationship between implementation standards effectiveness. Findings reveals significant positive correlation adherence enhanced banks during periods crisis. Adherence strengthens audit function’s ability proactively manage risk. Notably, findings highlight crucial role enabling risk-based auditing, facilitating proactive identification mitigation, thereby negative impacts crises financial stability organizational performance. Research limitations/implications is subject several methodological limitations, including its cross-sectional design restricted Palestine, which limits generalizability across time geographic contexts. The selection variables based specific body literature, sensitive nature certain questions may have influenced participant responses. did not explicitly isolate COVID-19 pandemic, despite being conducted crisis-affected environment. Furthermore, it relied auditing without incorporating 2024 updates, highlighting need for future assess implications revised framework management. Practical underscores vital promoting long-term sustainability banking operations, particularly times Compliance simply matter regulatory but strategic investment robust capabilities. By improved identification, measurement, monitoring banks’ maintain stability, foster transparency accountability achieve operational efficiency, ultimately benefiting stakeholders board. Originality/value makes novel contribution existing literature implementing context often overlooked prior studies. findings, derived challenges Palestine’s volatile political landscape, valuable into these risks other similar crisis-prone environments.

Language: Английский

The impact of applying internal auditing standards on banking risk management during crises: a field study on banks operating in Palestine DOI

Kayed M. Tanbour,

Moufida Ben Saâda, Abdulnaser Ibrahim Nour

et al.

Journal of financial reporting & accounting, Journal Year: 2025, Volume and Issue: unknown

Published: May 5, 2025

Purpose This study aims to examine the impact of 2017 Institute Internal Auditors (IIA) Standards on risk management within Palestinian banks, a sector operating amidst persistent economic instability and conflict since 2020. Focusing “Attributes” “Performance” standards, research investigates their influence practices in this challenging environment understand effectiveness mitigating managing risks. Design/methodology/approach Using an explanatory sequential mixed-methods design, IIA banks. A purposive sample 160 professionals from internal audit, related committees participated study. Quantitative data were collected through questionnaire, followed by semistructured interviews with selected participants provide deeper insights interpret quantitative findings. Multiple linear regression analysis was used test study’s hypotheses, specifically examining relationship between implementation standards effectiveness. Findings reveals significant positive correlation adherence enhanced banks during periods crisis. Adherence strengthens audit function’s ability proactively manage risk. Notably, findings highlight crucial role enabling risk-based auditing, facilitating proactive identification mitigation, thereby negative impacts crises financial stability organizational performance. Research limitations/implications is subject several methodological limitations, including its cross-sectional design restricted Palestine, which limits generalizability across time geographic contexts. The selection variables based specific body literature, sensitive nature certain questions may have influenced participant responses. did not explicitly isolate COVID-19 pandemic, despite being conducted crisis-affected environment. Furthermore, it relied auditing without incorporating 2024 updates, highlighting need for future assess implications revised framework management. Practical underscores vital promoting long-term sustainability banking operations, particularly times Compliance simply matter regulatory but strategic investment robust capabilities. By improved identification, measurement, monitoring banks’ maintain stability, foster transparency accountability achieve operational efficiency, ultimately benefiting stakeholders board. Originality/value makes novel contribution existing literature implementing context often overlooked prior studies. findings, derived challenges Palestine’s volatile political landscape, valuable into these risks other similar crisis-prone environments.

Language: Английский

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