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Journal articles on the topic 'Internal Auditing'
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1
Casson, P. D. "Internal auditing." British Accounting Review 21, no. 3 (September 1989): 288–89. http://dx.doi.org/10.1016/0890-8389(89)90101-7.
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Gacoń, Tomasz. "The Professionalization of Internal Auditing." Management and Business Administration. Central Europe 21, no. 4 (December 15, 2013): 55–68. http://dx.doi.org/10.7206/mba.ce.2084-3356.80.
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Foster, Sheila D., and Mary Brady Greenawalt. "Internal auditing education." Managerial Auditing Journal 10, no. 3 (April 1995): 31–36. http://dx.doi.org/10.1108/02686909510079738.
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Gavin, Thomas A., Barry J. Cooper, Philomena Leung, Gerald H. Lander, and Alan Reinstein. "Health care internal auditing." Managerial Auditing Journal 10, no. 4 (June 1995): 12–22. http://dx.doi.org/10.1108/02686909510084228.
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Edwards, Don, Jim Kusel, and Tom Oxner. "Internal Auditing in Hospitals." Hospital Topics 81, no. 4 (January 2003): 13–18. http://dx.doi.org/10.1080/00185860309598029.
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Hamill, Richard J. "Auditing—the internal Way." Critical Perspectives on Accounting 6, no. 4 (August 1995): 392. http://dx.doi.org/10.1006/cpac.1995.1036.
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Amoush, Arwa H. "The Internal Auditing Procedures Effectiveness in the Jordanian Commercial Banks." International Business Research 10, no. 3 (February 17, 2017): 203. http://dx.doi.org/10.5539/ibr.v10n3p203.
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This study aims at evaluating and investigating the effectiveness of the internal auditing procedures in the Jordanian commercial banks through evaluating auditing procedures used in the commercial banks in Jordan and evaluating the role of the board of directors in achieving this effectiveness. Moreover, this study aims at investigating the internal auditing program used in the banks to check the availability of the risk –based auditing program and sufficient degree of independence for the internal auditor in these banks.The study’s main hypothesis was: “the internal auditing procedures in the Jordanian commercial banks do not include the effectiveness of the internal auditing profession” and there were other four sub-hypotheses. The descriptive approach was used. A questionnaire consisted of 48 items was prepared and distributed to 130 internal auditors in the commercial banks representing 248 internal auditors. Only 104 questionnaires were valid for analysis out of 120 questionnaires that were retrieved.Data were collected and analyzed statistically. Results revealed that the internal auditing program used in the commercial banks included procedures that achieve internal auditing procedures and the role of the board of directors ensured the effectiveness of the internal auditing in the information technology. Additionally, results showed that the internal auditing program included risk based auditing program and the internal auditing procedures ensure the internal auditor’s independence. The study recommended the necessity to enhance the current procedures followed in the internal auditing implementation for its effectiveness and the necessity to clarify the internal controls and its levels to ensure the success of the auditing program.
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Van Elten, H. J. "Sourcing van Internal Auditing-activiteiten." Maandblad Voor Accountancy en Bedrijfseconomie 79, no. 5 (May 1, 2005): 221–28. http://dx.doi.org/10.5117/mab.79.16896.
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Internal Auditing – traditioneel een intern management control-instrument – wordt in toenemende mate uitbesteed aan externe dienstverleners. In dit artikel wordt verslag gedaan van een onderzoek naar de invloed van Transaction Cost Economics-variabelen op de mate van uitbesteding van Internal Auditing. Ten behoeve hiervan is een schriftelijke enquête verspreid, waaraan is deelgenomen door 66 grote Nederlandse bedrijven. Meervoudige regressieanalyse laat een significant verband zien tussen outsourcing van Internal Auditing-activiteiten, asset specificity en frequency. Deze TCE-variabelen verklaren 57% van de variantie in de mate van uitbesteding van Internal Auditing. Andere TCE-variabelen (behavioral en environmental uncertainty) vertonen geen significante invloed.
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Hanim Fadzil, Faudziah, Hasnah Haron, and Muhamad Jantan. "Internal auditing practices and internal control system." Managerial Auditing Journal 20, no. 8 (October 2005): 844–66. http://dx.doi.org/10.1108/02686900510619683.
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Fonseca, Anabela dos Reis, Susana Jorge, and Caio Nascimento. "O papel da auditoria interna na promoção da accountability nas Instituições de Ensino Superior." Revista de Administração Pública 54, no. 2 (April 2020): 243–65. http://dx.doi.org/10.1590/0034-761220190267.
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Abstract This paper discusses the link between accountability and internal auditing, particularly analyzing the extent to which the latter contributes to improve the former, in Higher Education Institutions (HEIs). This study applied a questionnaire to the management boards of a sample of HEIs, to empirical analyze the relationship between internal auditing and accountability. The main focus was on internal auditing carried out by the offices or departments in those institutions. The paper contributes to understand how management boards perceive internal auditing to foster transparency and accountability in HEIs, allowing to corroborate that auditing, and particularly internal auditing, favors the institutions’ accountability. In effect, it promotes the principles underlying accountability practices. The information provided in the scope of internal audits is acknowledged as contributing to improve management effectiveness and helping in decision-making. HEIs wanting to create an internal auditing office or to enhance the role of an existing one, should develop this office’s activities so that it becomes an instrument to support accountability and good governance of the organization. The sample consisted of Portuguese public HEIs, universities and polytechnics. Despite a certain international convergence regarding this type of public sector organizations, and regarding their purposes and governance, certain contextual specificities might limit the generalization of the findings for other jurisdictions.
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Namadhila Malakia, Loide, and Nikodemus Angula. "Critical success factors for effective internal auditing: A caseof the office of auditor general." BOHR Journal of Financial market and Corporate Finance (BJFMCF) 1, no. 1 (2023): 14–17. http://dx.doi.org/10.54646/bjfmcf.2023.03.
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The primary goal of this research was to look at the key success elements for effective internal auditing. Internal auditing is the foundation of an organization’s internal control system. Although internal auditing in the public sector has problems, there are success criteria for efficient internal auditing. The investigation focused primarily on the case at the Office of the Auditor General, which audits all of Namibia’s public sector offices. The relevant data for the researcher surveys was obtained from the office’s management team and internal auditors using Google Forms. The study examined empirical literature to establish the important success elements for the Office of Auditor General’s effective internal auditing function. The study’s findings were used to identify and categorize the variables, which were then used to create models. The results of the data analysis were provided in frequency tables and charts. The study’s findings demonstrate that effective internal auditing requires management support and sound management practice, appropriate well-trained and competent internal audit personnel, a functioning board of directors, internal policies, and control. Among the identified criteria, however, managerial support and excellent management practice play a critical role. To improve the efficacy of internal auditing, the research advised that the Office of the Auditor General support internal auditing positions by facilitating internal auditing work and recruiting more trained and qualified internal auditors.
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Syahputra, Rafli Muhammad. "Analysis of the Role of Internal Audit in Enhancing Company's Internal Control." Golden Ratio of Auditing Research 2, no. 1 (October 22, 2022): 42–52. http://dx.doi.org/10.52970/grar.v2i1.371.
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This research aims to investigate the role of blockchain technology in auditing processes, focusing on its implications, challenges, and opportunities. The study employs a qualitative approach, synthesizing existing literature, theoretical frameworks, empirical findings, and practical applications to gain comprehensive insights. Institutional theory and the Technology-Organization-Environment (TOE) framework provide theoretical foundations for understanding blockchain adoption dynamics. Empirical research highlights the effectiveness of blockchain-enabled auditing tools in enhancing transparency, reliability, and efficiency, albeit with challenges related to regulatory compliance, data privacy, and technological interoperability. Practical applications showcase blockchain's potential to revolutionize audit methodologies, automate procedures, and improve data integrity. Key findings indicate that blockchain adoption in auditing is influenced by institutional pressures, technological characteristics, organizational factors, and environmental dynamics. While blockchain offers opportunities for enhanced audit quality and assurance services, strategic implementation and collaboration are essential to address barriers and optimize benefits. This research contributes to the scholarly discourse on blockchain technology in auditing, informing future research directions and industry practices.
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Brezo, Neven. "INTERNAL AUDITING ROLE IN BANKS IN BOSNIA AND HERZEGOVINA." ЗБОРНИК РАДОВА ЕКОНОМСКОГ ФАКУЛТЕТА У ИСТОЧНОМ САРАЈЕВУ 1, no. 12 (May 3, 2017): 71. http://dx.doi.org/10.7251/zrefis1612071b.
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The role of internal auditing in banks in Bosnia and Herzegovina has been presented in this paper. Internal auditing as a relatively new profession is rapidly developing and its growing importance is an analysis of the manner and practice of internal auditing functioning in Bosnia and Herzegovina banks. The purpose of the research is elaboration of internal auditing based on risk estimation, new challenges which the internal auditing faces as well as analysis of practice and presentation of results of internal auditing functioning in Bosnia and Herzegovina banks. This paper gives a reply to the question how senior management and the employees in banks understand role, function and importance of internal auditing in them. Researches carried out for the purpose of this paper are searching for the answer to the question on what kind of internal auditing is meant in Bosnia and Herzegovina banks, what its role and importance are and what is specific in carrying out internal auditing in banks. We expect that our researches will make possible testing and proving the stated hypothesis: that internal auditing in banks can fulfill its role and help bank management to resist successfully the challenges they are facing only if they apply in their work modern, systematic approach to auditing focused on the process on risk managing to which the bank is exposed. In contemporary business conditions it has been evidenced that the approach of traditional internal auditing based on control is not adequate any more or sufficient and that it cannot give the needed support to those responsible for bank management, which is necessary for effective realization of goals.
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ساعد بخوش, حسينة, and محمد بوطلاعة. "The Role of Internal Audit Quality in Reducing Creative Accounting Practices in Light of International Auditing Standards." Finance and Business Economies Review 5, no. 3 (September 30, 2021): 251–69. http://dx.doi.org/10.58205/fber.v5i3.1103.
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The study aimed to identify the impact of the quality of internal auditing in limiting creative accounting practices in light of international internal auditing standards from the point of view of practitioners of the profession of auditing and accounting in Algeria, and to achieve the objectives of the study, a questionnaire was designed based on similar previous literature. The study found that there is a positive and significant statistical impact of the quality of auditing in reducing creative accounting practices, and the quality of internal auditing in the absence of internal auditing standards affects massively compared to the application of internal auditing standards from the point of view of the vocabulary of the sample
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Wadhwa, Ajay Deep. "Use of RPA Internal Auditing." Management Accountant Journal 57, no. 7 (July 1, 2022): 30. http://dx.doi.org/10.33516/maj.v57i7.30-31p.
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Dittenhofer, Mort. "Reengineering the internal auditing organization." Managerial Auditing Journal 16, no. 8 (November 2001): 458–68. http://dx.doi.org/10.1108/02686900110403163.
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Burnaby, Priscilla A., and Susan Hass. "Internal auditing in the Americas." Managerial Auditing Journal 26, no. 8 (September 6, 2011): 734–56. http://dx.doi.org/10.1108/02686901111161359.
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McNamee, David, and Thomas McNamee. "The transformation of internal auditing." Managerial Auditing Journal 10, no. 2 (March 1995): 34–37. http://dx.doi.org/10.1108/02686909510079639.
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Turk, Metka. "Viewpoint: internal auditing in Slovenia." Managerial Auditing Journal 11, no. 7 (October 1996): 43–44. http://dx.doi.org/10.1108/02686909610119976.
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Vinten, Gerald. "INTERNAL AUDITING AND ACTION LEARNING." Managerial Auditing Journal 3, no. 3 (March 1988): 4–10. http://dx.doi.org/10.1108/eb002810.
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Al Hanini, Eman Ahmad. "Does the Environmental Internal Audit Impact the Achieving of Sustainable Development in Industrial Companies Listed on the Amman Stock Exchange?" International Journal of Financial Research 12, no. 3 (January 21, 2021): 220. http://dx.doi.org/10.5430/ijfr.v12n3p220.
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This study aimed to determine the impact of environmental internal auditing with its dimensions represented by (compliance auditing, auditing environmental management systems, and auditing environmental financial statements) in achieving sustainable development in industrial companies listed on the Amman Stock Exchange. To achieve the aim of the study, a questionnaire was designed as a data collection tool for the study and distributed among 154 respondents namely: internal auditors, financial managers, and employees working in the financial departments in these companies. After conducting the necessary statistical analysis using SPSS, a statistical impact was reached at the significance level of α ≤ 0.05 for environmental internal auditing with its dimensions represented by (auditing compliance, auditing environmental management systems, and auditing environmental financial statements) in achieving sustainable development in industrial companies listed on the Amman Stock Exchange. The study suggests that industrial companies must provide appropriate environmental internal audit tools, including providing internal auditors with knowledge of environmental factors that have a fundamental impact on financial statements and understanding of environmental legislation and laws. The findings clarified the importance of training internal auditors on the stages of environmental internal auditing and skills in assessing environmental risks and obligations.
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Park, Hyun-Young, Ho-Young Lee, and Jin Wook Kim. "Investment in internal auditing and governance characteristics." Managerial Auditing Journal 34, no. 5 (May 7, 2019): 627–52. http://dx.doi.org/10.1108/maj-10-2017-1689.
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Purpose Based on 3,775 firm-year observations from 2009 to 2013 using publicly available disclosure data for Korean listed firms, this study examines whether and how firm-level governance characteristics are associated with investment in internal auditing proxied by compensation and the number of statutory internal auditors. Design/methodology/approach The authors investigate the association between governance characteristics and investment in internal auditing proxied by compensation and the number of statutory internal auditors. Findings The authors find that firms with greater ownership of the largest shareholders and with a higher proportion of outside directors invest more in internal auditing. These results indicate that firms with higher incentive and demand for monitoring are more likely to invest more in internal auditing. The authors further find that the positive effect of the largest shareholder ownership (board independence) on investment in internal auditing is attenuated in firms with greater board independence (ownership of the largest shareholders) suggesting that the complementary effect of the two governance mechanisms associated with internal auditing weakens as they function simultaneously. Research limitations/implications The results provide regulators and investors with a clear picture of the governance characteristics of firms associated with investment in internal auditing. The results imply that both the largest shareholders and the outside board of directors play a significant role in resource allocation in internal auditing within a firm. The effect of allocation, however, can be attenuated contingent upon the combined characteristics of governance mechanisms. Originality/value Using large amounts of public archival data, this study adds to the extant literature on firm characteristics associated with investment in internal auditing. This study also contributes to the literature by expanding the scope of research on executive compensation to the locus of statutory internal auditors.
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Tipurić, Darko, Boris Tušek, and Davor Filipović. "Internal and External Supervisory Mechanisms in Corporate Governance." South East European Journal of Economics and Business 4, no. 2 (November 1, 2009): 57–70. http://dx.doi.org/10.2478/v10033-009-0015-2.
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Internal and External Supervisory Mechanisms in Corporate GovernanceGood corporate governance depends on well balanced relations between supervisory mechanisms in the corporate governance process. Relations between the supervisory board, as the internal supervisory mechanism, and external auditing, as the external supervisory mechanism, are crucial for the development of good corporate governance practice. This paper focuses on analyzing the relationship between the supervisory board and external auditing in order to determine the current state of that relationship in the Republic of Croatia and to determine possible guidelines for improving the relationship between the supervisory board and external auditing in practice. In addition, this study analyzes the relationship between the supervisory board and external auditing, which could lead to the maximum efficiency of both the supervisory board and external auditing and tests that relationship in practice using publicly traded companies in Croatia. This study also analyzes the impact of the audit committee on the efficiency of the supervisory board and external auditing.
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Almanqari, Mohammed Ali. "The Importance of Internal Audit in Preserving the Company’s Tangible Assets between Dominion Diamond Corporation and Bank of Montreal." International Journal of Advances in Management and Economics 9, no. 2 (February 28, 2020): 16–27. http://dx.doi.org/10.31270/ijame/v09/i02/2020/2.
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This paper aims to examine the importance, or the role played by the aspect of internal auditing in preserving the tangible assets of a corporation. It also compares and contrasts the role played by internal auditing in preserving the tangible assets of Dominion Diamond Corporation and Bank of Montreal. In addition, it will evaluate the objectives of internal auditing and its overall importance in an organization. Keywords: Internal Audit, Internal Auditing Objectives Tangible Assets, Preserving Tangible Assets, Dominion Diamond Corporation, Bank of Montreal.
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Mihret, Dessalegn Getie, and Bligh Grant. "The role of internal auditing in corporate governance: a Foucauldian analysis." Accounting, Auditing & Accountability Journal 30, no. 3 (March 20, 2017): 699–719. http://dx.doi.org/10.1108/aaaj-10-2012-1134.
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Purpose The purpose of this paper is to articulate the conceptual foundations of the role of internal auditing in corporate governance by drawing on Michel Foucault’s concept of governmentality. Design/methodology/approach The paper is a literature-based analysis of the role of internal auditing from a Foucauldian perspective. Findings It is argued that Foucault’s notion of governmentality provides conceptual tools for researching internal auditing as a disciplinary mechanism in the corporate governance setting of contemporary organizations. The paper develops an initial conceptual formulation of internal auditing as: ex post assurance about the execution of economic activities within management’s preconceived frameworks and ex ante advisory services to enhance the rationality of economic activities and accompanying controls. Research limitations/implications The paper is expected to initiate debate on the choice of theory and method in internal auditing research. The propositions and research agenda discussed can be used to address research questions of an interpretive nature that could enrich the current understanding of internal auditing. Originality/value This paper extends the Foucauldian analysis of accounting to incorporate internal auditing. It offers original propositions as a research agenda and discusses ontological and epistemic considerations associated with adopting the Foucauldian framework for internal auditing research.
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Al-Sorihi, Sultan Ali Ahmed, and Amal Mohammed Ali Al-Dhaifani. "The Impact of the Organization’s Internal Factors on the Effectiveness of Internal Auditing: A Field Study at Joint-Stock Companies Operating in the Republic of Yemen." University of Science and Technology Journal for Management and Human Sciences 1, no. 2 (July 30, 2023): 97–125. http://dx.doi.org/10.59222/ustjmhs.1.2.4.
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The study aimed to identify the impact of organization’s internal factors on the effectiveness of internal auditing of joint-stock companies operating in the Republic of Yemen. To achieve this objective, (252) questionnaires were distribution to a purposive sample (24) companies, represented by the Administration of Internal Audit, Risk Management and Audit Committees, but only (115) were valid for analysis. The study findings revealed a positive impact of the organization’s internal factors on the effectiveness of internal auditing, and a high statistically significant positive impact of the factor of audit committees’ responsibility on achieving the effectiveness of internal auditing, followed by the factor of the internal audit independence. The findings also revealed that there is no impact of the factor of Internal auditing volume and senior management support on internal auditing. Moreover, based on the respondents' point of view, the findings revealed that the most dimensions related to the effectiveness of internal audit are the objectives related to internal control, objectives related to governance, and objectives related to risks. In light of these findings, the study recommends that the senior management of joint-stock companies should pay more attention to internal auditing in order to achieve its effectiveness.
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Marais, Marinda, Priscilla A. Burnaby, Susan Hass, Elmarie Sadler, and Houdini Fourie. "Usage of Internal Auditing Standards and internal auditing activities in South Africa and all respondents." Managerial Auditing Journal 24, no. 9 (October 9, 2009): 883–98. http://dx.doi.org/10.1108/02686900910994818.
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Botha, Lise Muriel, and Naomi Wilkinson. "A framework for the evaluation of the perceived value added by internal auditing." Meditari Accountancy Research 28, no. 3 (September 5, 2019): 413–34. http://dx.doi.org/10.1108/medar-02-2019-0448.
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Purpose The purpose of this study is to propose a framework for the evaluation of the perceived value internal audit functions add to their organisations. The framework is based on service quality measurement principles, specifically SERVPERF, which is applied to internal auditing. Design/methodology/approach Insights obtained from the literature on internal auditing and service quality disciplines were synthesised to identify and structure value-adding attributes of internal auditing. A thematic analysis of published profiles (by Protiviti) of various organisations’ internal audit functions were analysed and evaluated against those attributes identified in the literature to formulate an evaluation framework based on service quality measurement principles. Findings The identified value-adding attributes were categorised according to the dimensions of the SERVPERF service quality measurement instrument to formulate a framework for evaluation of the value added by internal audit functions. It was found that the SERVPERF dimensions appear to be relevant to internal auditing. The SERVPERF instrument was therefore adapted to evaluate the value added by internal auditing as a service. Practical implications This paper contributes to both the theory and practice of internal auditing by proposing formal dimensions of a value-adding internal audit service which can then serve as a reference point from which to evaluate the value added to an organisation. The framework can serve as a starting point for internal audit functions to develop their service offering and/or form the foundation of stakeholder satisfaction surveys. Originality/value The study contributes to the literature by applying service quality principles to internal auditing. A holistic framework that can be used for the evaluation of the value added by internal audit functions based on stakeholder perceptions is proposed. The framework juxtaposes attributes of value-adding internal auditing with recognised service quality performance measures. The notion of value added is investigated to better understand the concept in the context of internal auditing services.
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de Lima Oliveira, Verônica. "A IMPORTÂNCIA DA AUDITORIA NO PROCESSO DECISÓRIO DAS ORGANIZAÇÕES." Revista Científica Semana Acadêmica 9, no. 209 (September 20, 2021): 1–14. http://dx.doi.org/10.35265/2236-6717-209-9249.
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The general objective of this paper is to discuss the importance of internal auditing in the decision making process of organizations. Concepts of auditing, auditing processes, internal control, the decision making process in organizations and the importance of auditing in this process, maintaining close connections between auditors and other company employees, were addressed. The purpose of internal auditing is to improve the process and unify the internal language, seeking to assess information so that it is reliable, adequate, complete, and secure. The internal audit also presents itself as an activity that seeks to assess threats and opportunities, highlighting its strengths and weaknesses and defining its own strategic guidelines aimed at business management. At the end of this study, it was verified that internal auditing contributes to the decision making process, and that its function is of extreme importance in the organizational structure, by providing a vision for training and theoretical and practical grounding to administrators and other users of this instrument.
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Carcello, Joseph V., Dana R. Hermanson, and K. Raghunandan. "Factors Associated with U.S. Public Companies' Investment in Internal Auditing." Accounting Horizons 19, no. 2 (June 1, 2005): 69–84. http://dx.doi.org/10.2308/acch.2005.19.2.69.
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Internal auditing has been the focus of much attention in recent years. This study examines factors associated with U.S. public companies' investment in internal auditing. Data from a survey administered to Chief Audit Executives of midsized U.S. public companies were supplemented with publicly available data. Based on data from 217 companies, the results indicate that total internal audit budgets (inhouse plus outsourced portions) are related to several factors associated with company risk, ability to pay for monitoring, and auditing characteristics. Specifically, we find evidence that internal audit budgets are positively related to company size, leverage, financial, service, and utility industries, relative amount of inventory, operating cash flows, and audit committee review of the internal audit budget. Total internal audit budgets are negatively related to the percentage of internal auditing that is outsourced. This study contributes to our understanding of internal audit services, and it allows companies to benchmark their investment in internal auditing.
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Floştoiu, Sebastian, and Marius Milandru. "Conceptual Specifications Regarding the Primacy of System Auditing Over Other Types of Auditing within the Ministry of Defense." Land Forces Academy Review 22, no. 1 (March 1, 2017): 58–64. http://dx.doi.org/10.1515/raft-2017-0009.
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Abstract At present, continuous effort is being made, in the field of internal public auditing, at the level of the Internal Auditing Board, to shift from compliance auditing, that verifies the accordance of the performed activities to the law, to system auditing which aims to monitor both the aspect of compliance and that of assessing the achievement of objectives within the frame of economy, efficiency and effectiveness. Consequently, we can state that system auditing is a result of the two types of auditing (compliance and operational) and that its promotion is of utmost necessity, due its superior quality. Within this general context, this study approaches system auditing in a logical manner, presenting a positive attitude and vision by setting forth opinions regarding the role of system auditing within missions of protection. Our purpose is to identify ways and solutions towards improving internal public system auditing within the MoD.
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Anwar, Fadhilah Rahma. "Analysis of the Role of Internal Audit in Enhancing Company's Internal Control." Golden Ratio of Auditing Research 2, no. 1 (December 12, 2022): 33–41. http://dx.doi.org/10.52970/grar.v2i1.370.
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The qualitative investigation into auditing strategies within multinational companies aims to explore and understand the effectiveness of various approaches in addressing fraud risks. Employing purposive sampling, key stakeholders including senior executives, auditors, and regulatory authorities were interviewed. Additionally, document analysis was conducted on relevant organizational documents. Thematic analysis was employed to derive patterns and insights from the data. Findings reveal that internal auditing plays a foundational role in assessing internal controls and identifying vulnerabilities, while external audits enhance transparency despite concerns about auditor independence. Forensic auditing emerges as crucial in uncovering fraudulent activities, and the integration of data analytics shows promise in enhancing fraud detection capabilities. Contextual factors such as geographic dispersion and cultural diversity present challenges, while stakeholder perceptions underscore the strategic importance of effective fraud risk management. Recommendations include prioritizing proactive measures, fostering collaboration, and strengthening corporate governance mechanisms to mitigate fraud risks effectively. This research contributes insights into enhancing fraud risk management practices within multinational corporations.
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Dolinska, Oksana. "IMPROVEMENT OF THE MODEL OF USING ANALYTICAL PROCEDURES AT INTERNAL AUDITING OF A BANK." EUREKA: Social and Humanities 4 (July 31, 2019): 16–23. http://dx.doi.org/10.21303/2504-5571.2019.00969.
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From 2014 the number of banks in Ukraine essentially decreased from 180 to 76 for 01.07.2019. The unstable situation was traced in the country for this period of time. Liquidation of 104 banks demonstrated that they couldn’t manage their risks and make correct managerial decisions timely, and also the system of internal control functioned badly. Just this system includes a subdivision of internal auditing that didn’t cope with timely revelation of inexactitudes, so reasonable recommendations as to managerial decisions weren’t elaborated. For providing functions of internal auditing of a bank, the subdivision uses auditing procedures. They include analytical procedures that, in their turn, are principal for attaining aims of an auditing task. The article considers most urgent questions of using analytical procedures in internal bank auditing. The essence of the definition of “analytical procedures” has been considered and specified. Analytical procedures have been separated from the composition of auditing ones, and their theoretical aspect has been analyzed. The classification of methods of analytical procedures has been analyzed for getting auditing evidences. Analytical procedures consist of methods of internal system estimation and bank financial condition analysis and also analysis of their business-processes. Advantages and defects of methodical components of analytical procedures have been presented and analyzed. The stages of an auditing task have been studied. Analytical procedures are considered at three stages of internal auditing: planning, performing the engagement and resulting, demonstrated through the prism of economic analysis. International standards of the professional practice of internal auditing that regulate it are considered. Questions of working papers that generalize a result of using analytical procedures are separated.
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Fonseca, Anabela dos Reis, Susana Jorge, and Caio Nascimento. "The role of internal auditing in promoting accountability in Higher Education Institutions." Revista de Administração Pública 54, no. 2 (April 2020): 243–65. http://dx.doi.org/10.1590/0034-761220190267x.
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Abstract This paper discusses the link between accountability and internal auditing, particularly analyzing the extent to which the latter contributes to improve the former, in Higher Education Institutions (HEIs). This study applied a questionnaire to the management boards of a sample of HEIs, to empirical analyze the relationship between internal auditing and accountability. The main focus was on internal auditing carried out by the offices or departments in those institutions. The paper contributes to understand how management boards perceive internal auditing to foster transparency and accountability in HEIs, allowing to corroborate that auditing, and particularly internal auditing, favors the institutions’ accountability. In effect, it promotes the principles underlying accountability practices. The information provided in the scope of internal audits is acknowledged as contributing to improve management effectiveness and helping in decision-making. HEIs wanting to create an internal auditing office or to enhance the role of an existing one, should develop this office’s activities so that it becomes an instrument to support accountability and good governance of the organization. The sample consisted of Portuguese public HEIs, universities and polytechnics. Despite a certain international convergence regarding this type of public sector organizations, and regarding their purposes and governance, certain contextual specificities might limit the generalization of the findings for other jurisdictions.
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Davidson, David A., and Thomas L. Wills. "USING INTERNAL ENVIRONMENTAL AUDITING PROGRAMS TO HELP PREVENT SPILL INCIDENTS." International Oil Spill Conference Proceedings 1995, no. 1 (February 1, 1995): 293–96. http://dx.doi.org/10.7901/2169-3358-1995-1-293.
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ABSTRACT Texaco, Inc. has been performing environmental audits since 1980. Early audits focused on such major facilities as refineries and chemical plants, which often include waterfront transfer facilities. Prior to the Exxon Valdez accident, Texaco realized the importance of a strong internal environmental auditing program. Groundwork was laid and, in the summer of 1989, a full-fledged corporate environmental compliance auditing program was in place. Audits are now performed, on a cyclical basis, of all Texaco-owned and/or -operated facilities worldwide. Texaco's environmental auditing procedures are based on an Environmental Auditing Protocol, which includes a document review, describes the audit process, and provides for quality assurance and auditor training. Emphasis is placed on pollution prevention and pollution response, and on how the auditing program can help make the company better prepared both to prevent and to respond to a spill. An important element in this is having a full corporate commitment to the environmental auditing program, from senior level management on down.
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Gurama, Zakariya’u, and Muzainah Mansor. "CONNECTING COMPETENCY IN INTERNAL AUDIT WITH TAX ADMINISTRATION PERFORMANCE: A CASE STUDY OF THE NIGERIAN TAX AUTHORITY." Vol 11 No 2 (2021) 11, No.2 (July 29, 2021): 73–94. http://dx.doi.org/10.32890/jbma2021.11.2.5.
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The aim of this study is to identify and analyse internal audit competency requirement for effective auditing performance in tax administration. To achieve this, a case study methodology was employed to carry out a face-to-face interview with 9 internal auditors of the Federal Inland Revenue Service (FIRS) Nigeria. The collected data was analysed using Nvivo qualitative software. The findings of the study show that qualification, knowledge and skills are the three major indicators of internal auditors’ competency in performing effective auditing functions in tax administration. This study implies that to achieve a successful performance of internal auditing in the FIRS, competent internal audit staffs are highly needed for effective internal auditing performance.
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Mai, Duc Nighia, and Hoang To Loan Nguyen. "Knowledge Management Model for Internal Auditing." European Conference on Knowledge Management 23, no. 2 (August 25, 2022): 768–76. http://dx.doi.org/10.34190/eckm.23.2.523.
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Internal audit is crucial to improve the effectiveness and efficiency of internal controls, governance, and risk management processes in organizations. For an internal audit organization, to benefit from the knowledge of its staff, it is vital to identify the knowledge that is needed to complete quality and efficient internal audits. Knowledge management is a system that is concerned with using to the best advantage knowledge and experience. In internal auditing, knowledge management is increasingly recognized as a tool to effectively manage not only the knowledge of individuals, but also the collective knowledge in the organization. Research on internal audit has appeared since the 1980s and brought many benefits to internal audit activities, but these studies have not explained how knowledge is created during an internal audit. To address the research gap, this study looks into how knowledge is managed in an internal audit process. The applied methodology is to conduct qualitative case study research by using in-depth interviews, observations, and documentary analysis in the internal audit field.
Findings from empirical analysis of the case together with the literature review provide useful insights to construct a potential model of knowledge management in internal audit. During an internal audit process, there are three key elements including data, information, and knowledge that internal auditors need to consider. Data is a series of separate observations, measurements, or events in the audited company. Information is the organized data that has been arranged with relevance and purpose for better comprehension of the internal activities. The knowledge generated and applied by internal auditors can be thought of as a collection of specific and broad information sets and experience in similar audit situations. The process of knowledge management in internal audit involves four sub-processes: collecting data, analyzing data to get information, synthesizing information to create knowledge, and improving knowledge by putting knowledge into practice. The research findings imply that the process of internal auditing requires internal auditors to apply not only analysis capacities but also empirical experience in their work. In the internal audit, it requires collaboration from within the auditing organization and from the auditee’s sources to enable a valuable outcome for all involved.
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Dittenhofer, Mort. "Behavioural aspects of internal auditing “revisited”." Managerial Auditing Journal 12, no. 1 (February 1997): 23–27. http://dx.doi.org/10.1108/eum0000000004309.
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Tanju, Deborah W. "Internal Auditing in the College Classroom." Journal of Education for Business 63, no. 7 (April 1988): 312–14. http://dx.doi.org/10.1080/08832323.1988.10118483.
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Smith, Gordon. "Enron's Lesson: Rebuild Internal Auditing Now!" Journal of Corporate Accounting & Finance 13, no. 4 (April 18, 2002): 13–15. http://dx.doi.org/10.1002/jcaf.10064.
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Odar, Marjan, Bojana Korošec, and Robert Horvat. "DEVELOPMENT AND THE CURRENT PROFILE OF INTERNAL AUDITING – THE RESULTS OF THE TWO EMPIRICAL STUDIES IN SLOVENIAN ORGANISATIONS." Tourism and hospitality management 12, no. 2 (December 2006): 55–69. http://dx.doi.org/10.20867/thm.12.2.5.
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Results of (the first) two empirical studies with the aim to reveal the state-of-the-art and development of internal audit in Slovenia are presented in the article. Internal auditing, one of the cornerstones in modern corporate governance, has a relatively short tradition in this new EU member country. Nevertheless, beside the first and mandatory established internal audit units, which were initiated by the corresponding industry’s laws in financial services in the early 90s, there is already evidence of a significant and growing number of non-mandatory, voluntary established internal auditing units in other industries. And a variety of internal audit practices regarding establishment, reporting lines, size and scope of work performed by internal audit units, and professional qualifications of internal auditors characterizes the current profile of internal auditing in Slovenian organisations. It can be concluded that internal auditing in Slovenia is following the trends of practice in developed countries, although, in some cases internal auditors are facing problems, mainly due to their lack of work experience, to (un)professionality of corporate governing bodies, and to top management’s lack of awareness or even misunderstanding of the role of internal auditing in corporate governance.
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Lehmann, Constance M. "Internal Controls: A Compendium of Short Cases." Issues in Accounting Education 25, no. 4 (November 1, 2010): 741–54. http://dx.doi.org/10.2308/iace.2010.25.4.741.
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ABSTRACT: The importance of a strong internal control system is a central theme in auditing and accounting information systems courses, taking on even more importance with the enactment of the Sarbanes-Oxley Act of 2002. Effective enterprise governance, the fulfillment of management objectives, and minimizing the opportunity for fraudulent activity are positively associated with the strength of the internal control system of a company (Peterson and Zikmund 2004). Six short, open-ended internal control cases are presented here. One or more of the cases can be utilized in auditing or accounting information systems courses. These cases address the following control issues: (1) hiring practices, (2) weaknesses in credit authorization procedures, (3) benefits and risks of new technology, (4) benefits and risks of remote access, (5) disaster recovery/business continuity plans, and (6) procedures for employee reimbursements. The cases can be used in small group or individual settings in traditional auditing classes, auditing classes with IT or internal audit emphasis, or accounting information systems classes.
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Batubara, Enika Diana, Yenni Ramadhani Harahap, Sri Hartini, and Muhammad Nursidin. "Peranan Internal Auditing Dan Pengendalian Internal Dalam Meningkatkan Kinerja Perusahaan PT. Berkah Djamal Perbaungan." Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) 4, no. 2 (December 4, 2022): 512–17. http://dx.doi.org/10.47065/ekuitas.v4i2.2593.
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The role of internal auditing is quite important in companies and influences internal control in improving company performance if it is carried out according to procedures and provisions of applicable professional standards. Company performance has an understanding as the result of a management activity in a company. In this study aims to analyze the role of internal auditing and internal control in improving company performance. The data used is primary data. This primary data was obtained from the results of the respondents' answers to the questionnaire which was distributed to 30 staff of PT. Blessings of Djamal Perbaungan. The results on the t test, the significant value of the role of internal auditing is 0.364 which means it is greater than 0.05. This explains that the role of internal audit has no significant effect on company performance. The significant value of internal control of 0.000 is less than 0.05, meaning that internal control has a significant effect on company performance, but the results of the F test in this study obtained a significant value of 0.000, meaning less than 0.05. This explains that the role of internal auditing and internal control has a significant effect on company performance. While the internal audit at PT. Berkah Djamal Perbaungan has played a role in accordance with the internal auditing role criteria and based on testing the respondents stated that they strongly agree that one of the obstacles lies only in the lack of internal audit training. Every company is advised to implement an internal control system and internal audit, so that every activity that occurs in the company can be controlled with the goals set and the performance of the company can be increased.
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Tawei Wang, Tawei Wang, and Shi-Ming Huang Tawei Wang. "Computer Auditing: The way forward." International Journal of Computer Auditing 1, no. 1 (December 2019): 001–3. http://dx.doi.org/10.53106/256299802019120101001.
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<p>We broadly define computer auditing as any audit practices that may rely on information technology (IT). Such skill has long been argued and considered to be an important capability for both external and internal auditors for more than two decades though its applications were relatively limited in the past. In recent years, with the advance of information technology, what auditors can achieve with IT has dramatically changed. For example, auditors are now be able to perform both descriptive and predictive analyses, process both numeric and textual data, and apply such capability from assertion testing to compliance and risk assessments. This evolving capability has also brought the new term “audit analytics” to practices. Specifically, analytics focuses more on the business decisions and processes while the traditional computer auditing is mainly about audit. This improved capability and expanded scope have attracted a lot of attention with a wide range of applications. For instance, the PCAOB’s new strategic plan (PCAOB 2018 ) has highlighted that “[i]nnovations in data analytics and technology have great potential to improve the efficiency and effectiveness of financial reporting and the audit process” (p.9). Audit firms and internal audit functions have also engaged in the development and the use of analytics in external and internal audit processes (e.g., Forbes 2018; Deloitte 2016; KPMG 2016), which have potentially changed the role of internal auditors to internal consultants.</p> <p> </p>
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Narayanaswamy, R., K. Raghunandan, and Dasaratha V. Rama. "Internal Auditing in India and China: Some Empirical Evidence and Issues for Research." Journal of Accounting, Auditing & Finance 34, no. 4 (March 22, 2018): 511–23. http://dx.doi.org/10.1177/0148558x18762976.
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Internal auditing is an important element in the corporate governance framework. Yet, research related to internal auditing, particularly in emerging economies like India and China, is sparse. We use data from responses provided by chief audit executives to provide empirical evidence about the extent of support for internal auditing and the determinants of such support in India and China, and compare the data with those from the United States. We find that such support is negatively related to pressure on internal auditors to suppress or alter their findings. We also provide descriptive evidence about the work and staffing of the internal audit function. We discuss the role of internal auditing in India and identify some possible avenues for future research.
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Coetzee, Philna. "Contribution of internal auditing to risk management." International Journal of Public Sector Management 29, no. 4 (May 9, 2016): 348–64. http://dx.doi.org/10.1108/ijpsm-12-2015-0215.
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Purpose – There is a widening gap between the expectations of internal audit stakeholders and the value the function brings to the table, for example, in the management of the risks threatening an organisation. The purpose of this paper is to investigate the views of chief audit executives (CAEs), the chairs of audit committees and senior management on the contribution of the internal audit functions to risk management in the South African public sector. This contribution is considered in the context of existing risk management structures and the level of coordination between these structures and internal auditing. Design/methodology/approach – The views of heads of internal auditing, chairpersons of the audit committee and the Accounting Officer (similar to the CEO of private sector organisations) of national, provincial and local government organisations were obtained and statistically analysed. Findings – The results indicate that the CAEs have noticeably different views from the other two parties, and that the existence of risk management structures has a minor effect on how the contribution of internal auditing to risk management is perceived. Research limitations/implications – It was decided to not include the views of heads of risk management functions owing to the immaturity of risk management in this sector with in the South African public sector. Practical implications – The results of the study provide internal auditing with information on narrowing the possible gap between the perceptions of senior management and their own perceptions. Senior management could streamline the efforts of these two parties in mitigating the key risk of the organisation. The audit committee, as the independent overseer of internal auditing, will obtain information on whether internal auditing contributes to risk management, and if not, how to address these issues, taking into account the existence (or a lack thereof) of risk management structures. The legislator and regulator of public sector could be influenced to provide clearer guidance or rules in this regard in order to enhance the efficiency and effectiveness of risk management policies and practices. Originality/value – Limited studies have been conducted regarding the coordination of internal auditing and risk management in mitigating the key risks; especially within the public sector domain whether the existence of risk management structures would affect this coordination. Also the views of senior management, as the key stakeholder of internal auditing, on this matter have not yet been solicited.
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Chambers, Andrew D., and Marjan Odar. "A new vision for internal audit." Managerial Auditing Journal 30, no. 1 (January 5, 2015): 34–55. http://dx.doi.org/10.1108/maj-08-2014-1073.
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Purpose – The purpose of this paper is to explore how internal auditing may recover from being one of the corporate governance gatekeepers that failed to prevent the global financial crisis. Design/methodology/approach – This paper draws on the theory of professions and provides a brief analysis of internal auditing history, ending with an appraisal of contemporary status. Findings – Internal auditing has not been “fit for purpose” and can be enhanced. Low expectations of internal audit are currently addressed by enhanced guidelines from a number of parties. Internal audit needs to move firmly into the corporate governance space – to audit corporate governance more effectively and to provide more dependable assurance to boards. Practical implications – The global Institute of Internal Auditors can use recent enhanced internal auditing guidelines as a springboard to regain their lead. Internal audit needs to cut the umbilical cord that ties it to management. The accepted “dual reporting” of internal audit is flawed. Social implications – Society cedes professional status to an occupational group when it is in society’s best interests to do so. An attribute of a profession is its accent on serving the public interest. It is unsatisfactory that, five years after the global financial crisis broke, the international Standards for internal auditing still do not articulate the correct professional conduct on making external disclosures in the public interest when internal auditors are aware of serious wrongdoing not satisfactorily addressed internally. Originality/value – This paper comprises a conceptual analysis to challenge the internal audit profession.
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Giacosa, Elisa, Guido Giovando, and Alberto Mazzoleni. "A Model to Reduce Internal Auditing Risk in SMEs." Indian Journal of Applied Research 3, no. 7 (October 1, 2011): 371–78. http://dx.doi.org/10.15373/2249555x/july2013/114.
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Lubenchenko, O. E. "The Internal Standard “The Policy and Procedure of the System for Internal Quality Control of Audit Services”." Statistics of Ukraine 86, no. 3 (December 5, 2019): 107–15. http://dx.doi.org/10.31767/su.3(86)2019.03.12.
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New Laws of Ukraine “On Accounting and Financial Reporting in Ukraine” and “On Audit of Financial Statements and Auditing” require the enhanced responsibility of auditors for auditing results. Creation of the body of public oversight over the auditing requires the continuing improvement of the internal control system through implementing internal company standards. The article proposes the elaborated procedure and key components of the internal standard “The Policy and Procedure of the System for Internal Quality Control of Audit Services”.
The structure of the internal audit includes the following sections: glossary of terminology; leadership responsibilities for quality within the audit firm; ethical requirements; acceptance and continuance of client relationships; human resources; engagement performance (work documents on performance of previous engagement procedures, on planning of auditing engagements, on final procedures, other work documents); monitoring of quality control system and individual engagements; appendices. For understanding of International Standards of Auditing, the preamble of the internal standard should contain key notions and definitions. An important aspect is recording of issues creating the appropriate environment for control: style and essential principles of the audit firm management; organizational structure and specialization of the audit firm; sharing of responsibility and authorities of management and other personnel; personnel management policy (requirements for recruitment and dismissal, professional development, assessment of work quality, system of rewards). The audit firm sets and records the procedures to be applied to assure the compliance with ethical principles (honesty, objectivity, professional competency, confidentiality, professional behavior), and for identification and prevention of threats to its independence. The general procedures for acceptance are as follows: assessment of the firm’s resources for engagement performance, assessment of the client’s integrity, reaching agreement on the engagement terms and continuance of client relationship. The section “Human resources” of the internal standard contains the procedures for personnel recruitment, continuance of cooperation with personnel, assessment of their competence and capacities to perform auditing engagements, use of disciplinary actions (if necessary). The section “Engagement performance” of the internal standard includes the description of policies and procedures for collecting sufficient and acceptable audit evidence in order to form the auditor’ opinion about financial statements. For companies with public significance, in conformity with the law, the review of auditor’s report is envisaged, and the structure of the reviewer’s report is proposed. Once the reviewer’s report is received by the audit firm and differences in opinions are settled, the auditor’s report on financial statements, the supplementary report to the auditing committee, and the report to supervisory bodies (if necessary) will be made. The section “Monitoring of the internal standard” includes recording of procedures for monitoring of quality control system (the existence of quality control system and its compliance with current legal requirements, International Standards of Auditing and internal standards). Use of the internal standard “The Policy and Procedure of the System for Internal Quality Control of Audit Services” can essentially increase the quality of auditing and other engagements on ensuring confidence and related services.
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Ban, Erika, and József Csernak. "CONTROLS AND THEIR EFFECTS ON MANAGEMENT SUPPORT IN THE HUNGARIAN SECTOR OF MICRO, SMALL AND MEDIUM ENTERPRISES." Annals of the Polish Association of Agricultural and Agribusiness Economists XX, no. 1 (April 4, 2018): 17–23. http://dx.doi.org/10.5604/01.3001.0011.7223.
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A certain level of internal auditing must be carried out by the enterprises to ensure corporate objectives are met and no faults or deficiencies are discovered in the course of official inspection. Internal auditing is an organic part of ERM (Enterprise Risk Management) while ERM is integrated into the business model. Internal auditing, which forms the sub-system of the corporate controlling system in addition to ownership audits, can be divided into two parts: the internal control system and independent internal audit. By means of the questionnaires of our exploratory research the controls and auditing methods that support management to the greatest extent have been identified. Its significance lies in the fact that such research on SMEs does not exist in Hungary as only the internal control system and auditing situation of larger companies have been revealed so far. The proportion of SMEs in Hungary is similar to that of the EU average so new information suitable for regional comparison has been created that also aligns the possible future direction of research.