Internal audit problems in family businesses:Case Study of Family Businesses, Saudi Arabia (2023)

Abstract

This research examines the problems facing internal auditing in saudi family businesses, and how their control standards can be applied to help these companies in governance, continuity and achieving their strategic objectives.

This research included a survey of a sample of internal auditors practicing the profession in family businesses, and concluded that the risks of the collapse of these companies are high in addition to insufficient knowledge of the recognized administrative and financial principles, and that there are intersections between owners and audit departments, which leads to a financial and administrative gap.