CHALLENGES FACED THE INTERNAL AUDIT PROFESSION IN YEMEN

Improving organization's operation is an intent and desire of every firm, however, accomplishing such an objective seems sometimes a bit challenging. This is because it requires firms to employ systematic and disciplined approach to assess and improve the effectiveness of risk management, governance and control processes, which is unfortunately absent in most of the developing countries. As Yemen is not exception, the study aims to identify the challenges hindering the internal audit profession in Yemen. . In order to fulfill the objectives of the study, this research study employed a descriptive research design. The survey questionnaire was used as a tool for data collection that was distributed to one hundred twenty five respondents in internal audit units in the selected companies. The data was then tabulated and analyzed with the help of the Statistical Software Package (SPSS). The findings of the study confirmed the existence of obstacles limiting the internal auditing profession in Yemen in term of week independency and less proficiency In addition to the availability of inadequate and poor recognition of the internal auditing profession role in the business environment. The study concluded by providing a slew of recommendations for improving the internal audit profession in the study area. A few of them focused on the necessity improve the profession and the application of its standards in the country.