The role of auditing credit institutions in controlling inflation

Document Type : Original Article

Authors

1 Master's student, Educational Department of Islamic Financial Management, Imam Hossein University (AS), Tehran, Iran.

2 Assistant Professor, Educational Department of Islamic Financial Management, Faculty of Management and Economics, Imam Hossein University (AS), Tehran, Iran.

Abstract

Considering the important and sensitive role that credit institutions play in the economic system of the country. Any inefficiency, disruption in the system of credit institutions will cause problems on macroeconomic variables, including inflation. Based on this, the aim of the current research is to investigate the role of credit institutions' audits in controlling inflation. In terms of purpose, it is practical and in terms of methodology, it has a qualitative approach of thematic analysis type. The current research has been carried out in two stages. In the first stage, in order to determine the roles of the audit of credit institutions in controlling inflation, an interview was conducted with the experts in the field of audit of credit institutions, and after that, by specifying the categories and related topics, the three basic roles of audit Credit institutions were determined. The statistical scope of the research includes experts and elites in the auditing field of credit institutions, who were identified as experts in this field by using the purposeful-judgmental sampling method. The findings of this research showed that auditing can play a role in controlling inflation in three ways. In the first place, the clear presentation of financial information, which is an urgent need of the decision-making body, in order to make financial and monetary decisions in order to control inflation, in the second place, to control and monitor the correct direction of credits to the production sector, and finally, it was determined that the control and monitoring of the lack of The difference between the deposit rate of banks and the deposit rate announced by the Central Bank in the instructions announced by this institution is another role of the audit of credit institutions. According to the findings of the research, it was determined that auditing with control and monitoring in the mentioned steps and submitting a report to the central bank plays an important role in controlling inflation.

Keywords

References

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