Elevating Financial Audit Practices in the Airline Industry: A KPIDrivenFramework for Enhanced Oversight and Performance

This study explores the integration of Key Performance Indicators (KPIs) within the financialaudit functions of the airline industry, aiming to enhance audit effectiveness, efficiency, riskmanagement, and compliance. Through a mixed-methods research approach, combiningqualitative insights from Financial Audit Directors (FADs) with quantitative analysis of auditoutcomes, the research develops a comprehensive framework of KPIs tailored for the airlinesector. Findings underscore the transformative potential of a KPI-driven approach instreamlining audit processes, improving risk management practices, ensuring stringentcompliance, and aligning audit activities with broader organizational objectives. The studycontributes to the existing body of knowledge by offering a novel perspective on the strategicintegration of performance measurement tools in auditing and provides actionablerecommendations for FADs to implement and leverage KPIs effectively. This research not onlyaddresses a notable gap in the literature regarding performance measurement in financialauditing but also presents a strategic roadmap for enhancing the strategic value and impact ofaudit functions within the dynamic landscape of the airline industry. The implications of thisstudy are significant for practitioners, offering insights into adopting a strategic, KPI-drivenapproach to elevate the role of financial audits in supporting organizational success andresilience.

کلیدواژه ها:

Financial Auditing ، Key Performance Indicators ، Airline Industry ، RiskManagement ، Compliance.