The Practice of Internal Audit in the Light of International Standards in Public Corporations: A Case Study of SOMIPHOS Corporation

Abstract

This article aims to identify the extent of the commitment of the Algerian Public Economic Corporation to exercise the function of internal auditing in accordance with international standards issued by the Institute of Internal Auditors (The Institute of Internal Auditors), by introducing the concept of internal audit and then touch on the professional standards of internal audit issued by the Institute of Internal Auditors In light of the tasks and responsibilities related to them, and also how to organize this function in the institution and the foundations governing its organization The descriptive and analytical approach was used in the study by collecting data from various sources, the most important of which was interviewing the internal audit directors of SOMIFHOS based in Tebessa province as a public corporation to determine their compliance with international professional standards of internal auditing.

Keywords

• internal auditing
• international internal auditing standards
• public corporation