Implementation Obstacles of Value Addition Approach in Sudanese Banks Listed on Khartoum Stock Exchange: An Exploratory Field Study

The aim of current study is to identify the implementation Obstacles of value addition approach in Sudanese banks listed in Khartoum Stock Exchange, and to reveal the statistically significant differences in the respondent's opinions due to the variables of experience years, and job position. To achieve this, a positivist methodology approach has been applied. Based on the chosen methodological approach, themes were employed to formulate the research. A questionnaire used as a tool for the study in collecting data, and distributed to a random sample of (176) individuals of internal auditors, members of the audit committees of Sudanese banks listed on the Khartoum Stock Exchange, external auditors, and employees of General Department of Banking Supervision at Sudan Central Bank. The results show a number of Obstacles facing the implementation value addition approach in these banks. These most significant Obstacles are the existence of a conflict between the internal audit departments and the risk departments in terms of responsibilities and powers, the absence of a role for internal audit in activating governance mechanisms, and the absence of laws and legislation regulating the work of internal audit with external control authorities. Finally, the study calls for raising coordination between internal audit departments and risk departments, and raising the awareness towards of the board's directors of the importance of applying modern internal audit activities that add value.