The Role of Internal Auditing in Strengthening Internal Control and Effective Risk Management in Algerian Public Economic Institutions: A Field Study

Abstract

This study aims to highlight the role of internal auditing in strengthening internal control and achieving effective risk management in Algerian public economic institutions, through a field study conducted at INFRAFER, a company responsible for carrying out railway infrastructure works. The study adopted a descriptive-analytical approach, and data were collected through a questionnaire distributed to a sample of 80 employees. The data were then analyzed using the SPSS program to test the hypotheses.

The study concluded that INFRAFER gives high priority to internal auditing and relies significantly on the final reports of internal auditors, especially in detecting errors and embezzlement. The applied results also confirmed the existence of a strong, statistically significant positive relationship between internal auditing and strengthening internal control, as well as between internal auditing and effective risk management.