Exploring Internal Control Effectiveness: A Study of the Accounting Firms in India

Abstract

This study explores the internal control effectiveness of accounting firms in India and compares it with global counterparts across dimensions of monitoring and control activities, ethical and professional standards, and risk assessment and adherence. Employing a mixed method approach, the study utilizes primary data from in-person interviews with accounting professionals and secondary data from reports and journals. Through a comparative analysis, significant differences in internal control effectiveness between Indian and global accounting firms are identified.