The Extent to which Jordanian Commercial Banks Accomplish Internal Accounting Control Objectives

Abstract

This study aimed to identify the extent to which Jordanian commercial banks achieve the objectives of internal accounting control, and the study relied on the descriptive and inferential approach. The exclusion of (4) questionnaires due to the lack of completeness of their answers. Consequently, the number of valid questionnaires for the purposes of analysis reached (164) employees of the internal control departments in Jordanian commercial banks. The results showed that the attitudes of the accounting internal control staff towards the dependent variable, the accounting internal control objectives in the Jordanian commercial banks, have achieved high degrees of relative importance. Also, the dimension (effectiveness and efficiency of operations) achieved the first rank with a very high degree of approval among the dimensions of the internal accounting control objectives. The second rank achieved the dimension (compliance with laws and legislation) with a high degree of approval. The dimension (reliability and completeness of financial reports) achieved the last rank with a high degree of approval. The study concluded with a set of recommendations, the most important of which are: improving the effectiveness and efficiency of operations by implementing appropriate control procedures in the bank to increase the efficiency of resource utilization in the bank, and measuring the effectiveness and efficiency of the applied control means through the presence of an internal audit system in accordance with the approved audit procedures.