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Document Type |
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Thesis |
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Document Title |
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Abstract The role of Audit Committees in the Evaluation of Internal Control Systems to Curb Money Laundering: An Empirical Study on Saudi Banks دور لجان المراجعة في تقويم أنظمة الرقابة الداخلية للحد من غسل الأموال : دراسة ميدانية على المصارف السعودية |
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Subject |
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Faculty of Economics and Management - Department of Accounting |
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Document Language |
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Arabic |
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Abstract |
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This research aims to find out the extent of the contribution of audit committees in the evaluation of internal control systems, to limit money laundering in Saudi banks. This goal was divided into four levels, namely: the contribution of audit committees in evaluating administrative internal control systems, evaluating accounting internal control systems, supporting internal auditor, and supporting compliance department.
To achieve the goals of this research, a questionnaire was designed and distributed to 12 banks which represent the society of the research.
The researcher used the descriptive analytical method to collect the required data in order to complete the research.
Through the data analysis, the findings indicated that audit committees contribute with a high degree in evaluating internal accounting control systems, evaluating internal administrative control systems, supporting the internal audit department, and supporting the compliance department in order to reduce money-laundering. Also, the findings of the research indicated the existence of some shortcomings in the work of audit committees which could be summarized in allowing an employee in the same position for a long time which might lead to building undesirable relationships that could lead in turn to allowing money laundering. Also, there are shortcomings evaluating the internal audit and the compliance functions with regard to the efficiency of the employees and their knowledge in the field of money laundering .
The research end-up with recommending that it is important to provide highly specialized training courses in the field of money laundering to develope the performance of the employees in the banks sector. As well as, it is necessary to continue developing the rules and regulations to counter money laundering operations. In addition, the necessity of audit committees to evaluate the work of the internal auditors and compliance management to determine the extent of their competence and their ability to deal with money laundering as well as identify weaknesses to work on improving them. |
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Supervisor |
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DR.Yousef Bin Abdullah Basodan |
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Thesis Type |
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Master Thesis |
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Publishing Year |
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1437 AH
2016 AD |
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Added Date |
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Monday, June 27, 2016 |
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Researchers
| علي عبد الله الشهري | Alshehri, Ali Abdullah | Researcher | Master | |
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