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- Title
FAİZSİZ FİNANS PERSPEKTİFİNDEN İÇ DENETİM VE GELENEKSEL İÇ DENETİM ANLAYIŞIYLA KARŞILAŞTIRILMASI.
- Authors
KARACAER, Berrin; KURT, Ganite
- Abstract
The primary purpose of interest-free financial institutions (IFI) is to offer Islamic financial products. For this purpose, all transactions of IFIs must comply with Islamic principles and rules. Islamic internal auditing is a management function that provides reasonable assurance about the Islamic compliance of IFIs' operations. The aim of this study is to explain the concept of Islamic internal auditing as a function specific to IFIs, to examine the Islamic internal auditing standards of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), and to reveal the similarities and differences of Islamic internal auditing compared to traditional internal auditing. In the study, a comprehensive literature review approach was preferred as a method and traditional internal audit and Islamic internal audit were discussed comparatively in terms of purpose, field of activity, process, independence and objectivity, competence requirement and audit approach. It has been concluded that Islamic internal audit is similar to traditional internal audit in many respects; however, it differs from traditional internal audit in some points in terms of purpose, field of activity, process, independence and objectivity, competence requirement and audit approach due to the Islamic compliance requirement. The study is a pioneer study in which Islamic internal auditing in Turkey is explained within the framework of AAOIFI standards and compared with traditional internal auditing. In addition, the study can be considered as a conceptual guide for both IFIs and regulators to develop Islamic internal audit practices in IFIs in line with AAOIFI standards.
- Publication
Omer Halisdemir Universitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi, 2022, Vol 15, Issue 3, p744
- ISSN
2564-6931
- Publication type
Article
- DOI
10.25287/ohuiibf.1101555