The Role of Internal Audit Activity to support Applying the Digital Transformation Mechanisms in Egyptian Business Enterprises: A field Study
DOI:
https://doi.org/10.56830/IJAMS04202505Keywords:
Internal Audit, Digital Transformation, Egyptian BusinessAbstract
This research aims to clarify the assurance and Consulting roles of Internal audit activity to support management in applying digital transformation mechanisms in Egyptian business enterprises, and to assist management to face the associated Risks and reducing its impact. In addition, the research aims to discuss the challenges that face internal auditors under applying digital transformation mechanisms and suggest some solutions to overcome these challenges. To achieve these goals, the researchers adopted a positive approach, utilizing deductive analysis of previous studies related to the research topic to derive the research hypothesis, In addition to use the inductive approach to test the validity of the research hypothesis in the real practice in the Egyptian business environment. This was done by conducting a field study on a sample of 120 individuals divided in two groups: academics represented in the professors of auditing in Egyptian universities, and internal auditors of some stock Companies listed on the Egyptian Stock Exchange. Statistical tests were used Commensurate with the nature of the data Collected. And based on the results of the field study, the first hypothesis was accepted, which states that there is agreement between the study sample groups about the importance of the internal audit roles to support applying the digital transformation mechanisms in Egyptian business enterprises. Also, the second hypothesis was accepted, Which states that there is an agreement between the study sample groups about the challenges that may face the internal auditors during performing their roles to support applying digital transformation mechanisms in Egyptian business enterprises, as well as the third hypothesis which states that there is agreement between the study sample groups about the suggested solutions to overcome the challenges of applying digital transformation mechanisms in Egyptian business enterprises.
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