The Compliance with the Performance Standards of Internal Audit in Private Sector Companies in Yemen

This study attempted to explore the extent of compliance with the performance standards of internal audit in private sector companies in Yemen, especially open and closed joint stock companies. A questionnaire has been designed and distributed among the internal auditors for this purpose. The study found that private sector companies are applying the performance Standards of internal audit, the application of these standards varied from a standard to another and from good level to weak level. Based on the findings, the study gives some recommendations to improve the application of the IA performance standards in the private sector companies in Yemen. Number of recommendations was suggested to the different parties involved in the internal audit profession, these are to increase the degree of effectiveness and development of the internal audit profession and standards. Further to increase the size and extent of Internal Auditing performance Standards in the private sector companies operating in Yemen.