Factors Affecting the Internal Audit Effectiveness in Tunisian Organizations

This study examines factors influencing internal audit effectiveness in the Tunisian context. Data was collected from responses to a questionnaire addressed to chief audit executives of 148 Tunisian organizations. Multiple regression analysis examines the association between the effectiveness of the internal audit function and six principal factors. Results reveal that the effectiveness of internal auditing is influenced by: (1) the independence of internal audit, (2) the objectivity of internal auditors, (3) the management support for internal audit, (4) the use of internal audit function as a management training ground, and (5) the sector of organization. This study provides useful information to practitioners and academics who are interested to identify the determinants of internal auditing effectiveness in developing countries. Keywords: Internal auditing, Internal audit effectiveness, Tunisian organization

Construction of The Measurement Scale of the Audit Committee Diligence: The Perception of Tunisian Internal Auditors

This paper aims at measuring scales of the audit committee diligence for audit committees or for other governance organ concerned with the audit committee diligence. The conception and the validation of this measurement scales were done on the Tunisian ground. To construct a measure of audit committee diligence, we adopted the Churchil

Les déterminants du risque de liquidité dans les banques islamiques : cas de la région MENA

Résumé: Cette recherche examine les facteurs qui pourraient expliquer le risque de liquidité dans les banques islamiques et qui ont appliqué la même norme comptable internationale dans la région MENA. Nous avons étudié la relation entre le risque de liquidité et un ensemble de variables bancaires et macroéconomiques en utilisant une Méthode des Moments Généralisées (GMM). Nous avons utilisé un échantillon de 25 banques islamiques de la zone du Moyen-Orient et d’Afrique du Nord (MENA) durant la période (2006 jusqu’à 2014) pour appliquer notre modèle. Nos résultats montrent que le risque de crédit, la taille, la marge nette, les écarts de liquidité, le capital et la croissance économique sont les facteurs déterminants du risque de liquidité. Mots clés: Risque de liquidité, Risque de crédit, Banque islamique, Région MEN

Les facteurs d’influence de l’indépendance de l’auditeur externe: une étude exploratoire auprès des préparateurs de l’information financière tunisiens

Cette étude vise à déterminer les facteurs d’influence de l’indépendance perçue de l’auditeur externe. Afin d’atteindre notre objectif nous avons menée une analyse fondée sur une première phase qualitative et une deuxième quantitative. Cette dernière repose sur un questionnaire adressé à 87 préparateurs d’information financière tunisiens. Notre étude a révélé que les préparateurs de l’information financière construisent leurs perception en privilégiant essentiellement la réputation de l’auditeur externe, suivi par la taille du cabinet, le contrôle de la profession et la responsabilité juridique, les liens personnels, les incompatibilités, les honoraires, la dépendance financière et la rotation des auditeurs

The effects of liquidity risk and credit risk on bank stability: Evidence from the MENA region

The global financial crisis has induced a series of failures of most conventional banks. This study investigates the main sources of banking fragility. We use a sample of 49 banks operating in the MENA region over the period 2006â2013 to analyze the relationship between credit risk and liquidity risk and its impact on bank stability. Our results show that credit risk and liquidity risk do not have an economically meaningful reciprocal contemporaneous or time-lagged relationship. However, both risks separately influence bank stability and their interaction contributes to bank instability. These findings provide bank managers with more understanding of bank risk and serve as an underpinning for recent regulatory efforts aimed at strengthening the joint risk management of liquidity and credit risks. Keywords: Credit risk, Liquidity risk, Bank stability, MENA region, JEL Classification: F3, G21, O16, 05

Pancreatic surgery outcomes: multicentre prospective snapshot study in 67 countries

Background: Pancreatic surgery remains associated with high morbidity rates. Although postoperative mortality appears to have improved with specialization, the outcomes reported in the literature reflect the activity of highly specialized centres. The aim of this study was to evaluate the outcomes following pancreatic surgery worldwide.Methods: This was an international, prospective, multicentre, cross-sectional snapshot study of consecutive patients undergoing pancreatic operations worldwide in a 3-month interval in 2021. The primary outcome was postoperative mortality within 90 days of surgery. Multivariable logistic regression was used to explore relationships with Human Development Index (HDI) and other parameters.Results: A total of 4223 patients from 67 countries were analysed. A complication of any severity was detected in 68.7 percent of patients (2901 of 4223). Major complication rates (Clavien-Dindo grade at least IIIa) were 24, 18, and 27 percent, and mortality rates were 10, 5, and 5 per cent in low-to-middle-, high-, and very high-HDI countries respectively. The 90-day postoperative mortality rate was 5.4 per cent (229 of 4223) overall, but was significantly higher in the low-to-middle-HDI group (adjusted OR 2.88, 95 per cent c.i. 1.80 to 4.48). The overall failure-to-rescue rate was 21 percent; however, it was 41 per cent in low-to-middle-compared with 19 per cent in very high-HDI countries.Conclusion: Excess mortality in low-to-middle-HDI countries could be attributable to failure to rescue of patients from severe complications. The authors call for a collaborative response from international and regional associations of pancreatic surgeons to address management related to death from postoperative complications to tackle the global disparities in the outcomes of pancreatic surgery (NCT04652271; ISRCTN95140761)