Internal Auditing and Risk Management: A Strategic Partnership in the Moroccan Hospitality Industry

DOI

10.2991/978-94-6463-892-9_10How to use a DOI?

Keywords

Internal Audit; Risk Management; Hospitality; Governance; Organizational Culture Introduction

Abstract

This study examines the crucial role of internal audit and risk management in ensuring financial integrity, operational efficiency, and regulatory compliance in Moroccan hospitality industry. Based on data collected from 37 hotels, it highlights the strong connection between auditing mechanisms and risk governance.

Findings show that hotels with strong internal control structures, aligned with COSO II standards and advanced technologies, are more effective in detecting and mitigating financial fraud. In contrast, resource-limited hotels struggle with fragmented governance, low digitalization, and higher risk tolerance, making them more vulnerable to financial misconduct.

Beyond technology, leadership engagement and a risk-aware organizational culture play a key role in effective oversight. Hotels where senior management actively supports audits and promotes risk awareness exhibit stronger fraud prevention and compliance. Conversely, infrequent audits, especially in smaller hotels, create gaps that increase vulnerability to fraud and operational issues.

The study advocates for a technology-driven, integrated risk management approach, supported by formal internal controls, regular audits, and continuous staff training. This strategy enhances transparency, trust, and sustainable growth in a highly competitive hospitality industry.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Harbal Nesrine
AU  - Daafi Radouane
PY  - 2025
DA  - 2025/11/17
TI  - Internal Auditing and Risk Management: A Strategic Partnership in the Moroccan Hospitality Industry
BT  - Proceedings of the International Conference on Multidisciplinary Research in Management and Economics (ICMRME 2025)
PB  - Atlantis Press
SP  - 142
EP  - 164
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-892-9_10
DO  - 10.2991/978-94-6463-892-9_10
ID  - Nesrine2025
ER  -