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https://www.um.edu.mt/library/oar/handle/123456789/116436
Title: | The internal audit function and its role in strengthening compliance : a case study of the MGA |
Authors: | Minuti, Deborah (2023) |
Keywords: | Malta Gaming Authority Auditing, Internal -- Malta Compliance auditing -- Malta Risk management -- Malta |
Issue Date: | 2023 |
Citation: | Minuti, D. (2023). The internal audit function and its role in strengthening compliance : a case study of the MGA (Master’s dissertation). |
Abstract: | Purpose: The study aims to analyse the Internal Audit Function (IAF) of the Malta Gaming Authority (MGA) and how the function strengthens compliance throughout the authority. It aims to analyse the role and any developments within the IAF, while also exploring the relationship between IAF and compliance. Design: The qualitative case study employed semi-structured interviews to gather data from IAF employees, Audit Committee (AC) members, and representatives of the risk and financial crime compliance departments at the MGA. Findings: Findings show that the MGA’s IAF conducts audits approved by the AC on an annual basis, following an authority-wide risk assessment. In this manner, it becomes possible to identify areas of high risk and allocate the necessary resources to mitigate such risks effectively. The main challenge faced by the IAF is the lack of human resources, posing difficulties in replacing employees, especially the Chief Internal Auditor (CIA). Conclusions: The study revealed that the IAF is operating at full capacity, but the CIA plays a vital role in directing the focus of their work. When adequate resources are available, conducting follow-ups on the audited departments can help the MGA ensure that the identified risks are being mitigated and recommendations are being followed. Values: This study aims to identify any deficiencies in the IAF and provide recommendations, including the need for sufficient personnel, to improve the department's development and allow for greater compliance throughout the authority |
Description: | M. Accty.(Melit.) |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/116436 |
Appears in Collections: | Dissertations - FacEma - 2023 Dissertations - FacEMAAcc - 2023 |
Files in This Item:
File | Description | Size | Format | |
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2318EMAACC597100012185_2.PDF Restricted Access | 1.44 MB | Adobe PDF | View/Open Request a copy |
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