Please use this identifier to cite or link to this item: 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 SizeFormat 
2318EMAACC597100012185_2.PDF
  Restricted Access
1.44 MBAdobe PDFView/Open Request a copy


Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.