ISSN: 2225-8329
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The study aimed to identify the extent of management’s commitment to provide internal control components, which include the control environment, risk assessment, control activities, information and communication, monitoring in Kuwaiti shareholding companies, the descriptive and analytical methods were adopted in the study. The study population consisted of all Kuwaiti shareholding companies, with (170) companies, the questionnaire was used to collect primary data from the auditors working in the internal audit departments therein, the number of questionnaires valid for analysis were (165) questionnaires.
The study found that the administrations of Kuwaiti shareholding companies are obligated to provide all components of internal control with a medium degree, and the commitment to provide the information and communication component was high, while the components of risk assessment and the control and control environment were at a medium level of commitment, and finally the control activities component was at the lowest level of commitment, in descending order, respectively.
The study recommended that the departments in Kuwaiti shareholding companies work to review and evaluate the level of availability of internal control components, and work to raise their level to match the modern requirements that must be met in accordance with the general framework of the sponsoring organizations committee.
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In-Text Citation: (Almutairi & Al-Ajmi, 2020)
To Cite this Article: Almutairi, O. S. O., & Al-Ajmi, D. M. (2020). The Extent of the Management’s Commitment to Provide Internal Control Components in Kuwaiti Shareholding Companies. International Journal of Academic Research in Accounting Finance and Management Sciences, 10(3), 485–501.
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