EXPLORING THE IMPACT OF THE QUALITY OF ACCOUNTING INFORMATION SYSTEMS, INTERNAL AUDITS, AND GOOD CORPORATE GOVERNANCE ON FIRM PERFORMANCE: A META-ANALYSIS

Abstract

In 2023, the anticipated global economic downturn is expected to significantly affect firm performance, highlighting the importance of conducting research on core issues to enhance firm performance. This study focuses on assessing the efficiency of each system and practice in aiding the accomplishment of company objectives. This research method involves analysing the correlation between the quality of accounting information systems, internal audit, corporate governance, and company performance through a systematic literature review. Using Vosviewer software for evaluating the influence of publications, authors, and journals, along with the Scopus database for gathering data on published papers. Collecting empirical evidence to demonstrate the connection between implementing the accounting information system, effective internal audits, strong corporate governance practices, and firm performance is crucial. This involves supporting the assumption that these practices have a positive impact on firm performance. The findings emphasise the significance of utilising advanced accounting information systems, efficient internal audit procedures, and robust corporate governance principles as tactics to enhance company resource allocation for strengthening accounting information systems, enhancing internal audit standards, and integrating effective corporate governance practices into their management approach for gaining a competitive edge and sustainable expansion. The practical and policy implications of this study highlight the significance of conducting internal audits and governance practices in alignment with relevant regulations on a regular basis. Investing in a high-quality accounting information system can lead to improved performance, despite the associated costs.