The Extent of Contribution of Coso Report in Improving the Internal Control at the Industrial Companies at Amman Stock Exchange

Abstract

This study aimed to identify the extent to which the application of principles of the report coso (Ybaih control, risk analysis, and control activities, information and communication, and monitoring) in the case of its application in Jordan - the improvement of the internal control in industrial companies listed Jordanian in Amman Financial Market, for a sample of (55) industrial company publicly listed in the Amman Stock Exchange in 2014, and to achieve the objectives of the study were designed model of the questionnaire contained the five areas and distributed to internal auditors in industrial companies.

The results showed that companies that industrial corporations agree and dramatically that if the obligation to apply the principles of self coso the internal control system will improve dramatically and will be the provision of waste in production and reduce production costs , which helps in strengthening the competitive position of the company, and that the commitment to industrial companies in Jordan, the principle of the internal control environment contained within the standard coso internal control works to improve the internal control system which , as the results showed that the commitment of industrial companies in Jordan to the principle of risk assessment, internal control , and the principle activities of internal controls contained within the standard coso internal control are working to improve the system of internal control where .

Keywords: Coso report, internal auditors, internal control