Independent Internal Audits Strengthen External Audit Oversight, Boosting Risk Management Governance
The article investigates how internal audit impacts external audit risks through risk management governance. 167 external auditors in Yemen were surveyed. Findings show that independent internal audit and good risk management governance help assess external audit risks positively. Particularly, detection risk, control risk, and inherent risk are key factors. Using sector-specific data for comparison can aid external auditors, and internal auditors need to be unbiased in their work.