Governance of internal audit and its role in adding value A field study at Al-Watania Cement Company (Aden) in the context of improving its environmental management

¹ Ph.D. student at Ibn Tofail University Morocco, Instructor in the accounting department Aden University (Yemen).
² Higher Education Teacher, (FEM) Ibn Tofail University Morocco.

Abstract

The aim of the research is to identify internal audit governance and its role in adding value to companies in the context of improving their environmental Performance. The population of the study is comprised of Yemeni cement manufacturing companies in Aden, The study sample is Al-Watania Company. To achieve the objectives of the study, a questionnaire was developed to collect data by distributing it to a sample consisting of (the general manager, deputy general manager, department manager, department head, internal auditor, and accountant). The number of questionnaires distributed was (50), and the number of questionnaires recovered was (50), with a recovery rate of 100%. According to the study’s findings, there is a statistically significant impact of internal audit governance in adding value to companies in the context of improving their environmental performance, internal audit governance impacts adding value by (0.32), while the percentage (0.68) is due to other factors. Internal audit adds value to companies by raising the efficiency of management performance in decision-making and providing appropriate information at the right time. and Provide regular updates to the company’s management on environmental performance, especially when there are potential risks, and assist in responding to all risks, including environmental risks. The study suggested the need to adopt environmental auditing as a mandatory audit in all companies, especially industrial companies. Training internal auditors to develop their skills in the field of environment, procedures, and activities for environmental auditing.