High Internal Audit Quality Boosts Financial Stability in Companies
The study looked at how the quality of internal audits affects a company's financial stability. By analyzing data from professionals in auditing, finance, and banking, the researchers found that high-quality internal audits have a positive impact on financial stability. This means that when audits are done well, it helps companies stay financially stable. The findings suggest that it's important for employees and management to understand how internal audits can affect financial stability. This research provides strong evidence that internal audit quality plays a significant role in a company's financial health.