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Title: Valuation of the internal audit mechanisms in the decision support department of the local government organizations using mathematical programming
Authors: Drogalas, George
Petridis, Konstantinos
Petridis, Nikolaos E.
Zografidou, Eleni
Type: Article
Subjects: FRASCATI::Social sciences::Economics and Business::Accounting
FRASCATI::Natural sciences::Mathematics::Statistics and probability
Keywords: Regression analysis
Mathematical programming
Quantitative methods
Statistical analysis
Decision support department (DSD)
Internal audit
Local government organizations (LGOs)
Issue Date: 20-Feb-2020
Source: Annals of Operations Research
Abstract: The importance of internal audit and its impact on the organizations’ effectiveness raised public interest. This study focuses on the internal control mechanisms in the local government organizations (LGO). Specifically, the level of implementation of internal corporate control mechanisms in the Decision Support Department (DSD) of the LGOs is explored. On the basis of data analysis and processing of the results of the study, in which 93 civil servants took part, it is evident that the degree of the added value of internal audit in public organizations depends on the degree of its independency. Also, findings suggest that it is inversely proportional to the degree of compliance with procedures of the DSD. The analysis is extended by incorporating mathematical programming techniques for subset variable selection in order to minimize error values. Decision variables of the proposed models indicate which of the variables will be included in the regression model, to increase adjusted R2.
ISSN: 0254-5330
Other Identifiers: 10.1007/s10479-020-03537-4
Appears in Collections:ΠΜΣ Φορολογική Λογιστική και Χρηματοοικονομική Διοίκηση Στρατηγικών Αποφάσεων

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