Effectiveness of internal audit practices in the management of financial information in private companies in Mali

Abstract

This article discusses the contribution of internal audit practices in the management of financial information in private companies in Mali. To achieve this objective, we opted for a mixed method (qualitative and quantitative) that combines an exploratory phase and a field study. The sample was selected using the non-probabilistic method. The sample is composed of 99 private companies in Mali. The qualitative data collected were subject to a content analysis. The quantitative data underwent a linear regression analysis. The reliability and quality of the measuring instruments used were validated and showed that the internal audit function plays a major role in the management of financial data within private companies in Mali. The analysis gave us significant results. Thus, the main results indicate that internal audit has a positive and significant effect on the company's information system which leads to an improvement in the company's governance. The results also prove that internal audit practices positively and significantly influence the management of financial information in private companies in Mali. The results obtained also validated the hypotheses formulated and retained following the literature and the result of the qualitative study.

Key words: Keywords: Efficiency; internal audit; Information; financial; Private enterprise

JEL Classification: M42

Paper Type: Empirical research