An assessment of the newly defined internal audit function

Nagy, Albert L.; Cenker, William J.

doi:10.1108/02686900210419912

Cited by 84 publications

(54 citation statements)

References 2 publications

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“…This is evidenced by the research studies conducted in Denmark (Arena and Jeppesen, 2010) and in the USA (Nagy and Cenker, 2002). …”

Section: Discussionmentioning

confidence: 82%

“…Another interesting study on the functioning of internal auditing has been conducted by American researchers (Nagy and Cenker, 2002). The aim of this study was to evaluate whether the new defi nition of internal auditing introduced by the IIA in 1999 has led to signifi cant changes in the functioning of the internal audit practice.…”

Section: Internal Auditing As An Independent Profession -A Selectiomentioning

confidence: 99%

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The Professionalization of Internal Auditing

Gacoń¹

2013

MBA. CE

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Purpose: This paper attempts to examine the meaning of professionalization, the conditions required for professionalization and whether internal auditing can be recognized as a profession. The paper makes use of study results in the fi eld of internal auditing conducted in Europe and the USA, as well as Andrew Abbott's theory on the system of professions. Professions have common characteristics which differentiate them from other occupations. These characteristics were used to determine the criteria for evaluating the professionalism of internal auditing. The conducted analysis indicates that presently internal auditing cannot be regarded as an independent profession. Methodology:Study results (quantitative and qualitative) in the fi eld of internal auditing were used in the analysis. Findings:The conducted analysis indicates that presently internal auditing cannot be regarded as an independent profession.Research limitations: Only a selection of research studies conducted in the USA and a few European countries were used, which limits the cognitive value of the analysis. Originality:The paper presents an overview of conducted research studies and gives an evaluation of the current state of professionalization of internal auditing.

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“…This is evidenced by the research studies conducted in Denmark (Arena and Jeppesen, 2010) and in the USA (Nagy and Cenker, 2002). …”

Section: Discussionmentioning

confidence: 82%

Section: Internal Auditing As An Independent Profession -A Selectiomentioning

confidence: 99%

The Professionalization of Internal Auditing

Gacoń¹

2013

MBA. CE

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“…This definition signifies that internal audit has undergone a paradigm shift from an emphasis on accountability about the past to improving future outcomes to help auditees operate more effectively and efficiently (Nagy and Cenker, 2002;Stern, 1994;Goodwin, 2004). Since, the definition equally serves both the private and the public sectors (Goodwin, 2004), it is used in this study as a basis to analyse public sector internal audit effectiveness.…”

Section: Internal Audit Effectivenessmentioning

confidence: 99%

Internal audit effectiveness: an Ethiopian public sector case study

Mihret

Yismaw

2007

Managerial Auditing Journal

218

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Purpose -The purpose of the study is to identify factors impacting the effectiveness of internal audit services.Design/methodology/approach -Based upon a case study of a large public sector higher educational institution in Ethiopia, the paper examines how internal audit quality, management support, organizational setting, auditee attributes, and the interplay among these factors, influence internal audit effectiveness.Findings -The findings of the study highlight that internal audit effectiveness is strongly influenced by internal audit quality and management support, whereas organizational setting and auditee attributes do not have a strong impact on audit effectiveness.Research limitation/implications -As in all case studies, the generalisability of the conclusions is limited.Originality/value -Internal audit services have apparently hitherto been the subject of limited examination. However, this study, in arguably the most thorough treatment so far, highlights the areas requiring improvement.

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“…The internal audit literature (Stern, 1994;Roth, 2000Roth, , 2002Roth, , 2003Gupta, 2001;Naggy and Cenker, 2002;Gramling et al, 2004;Abdolmohammadi et al, 2006;Cooper et al, 2006;Hass et al, 2006;Yee et al, 2007) is also focusing on this evolving role, which is considered of paramount importance to achievement of organizational goals Roth, 2003). Despite indicating that value-adding internal audit departments need to possess varying attributes based on the situational context (Roth, 2002), the literature is as yet not complete enough to answer the questions of if, how, and why these attributes are associated with a pattern of organisational contexts and/or situations.…”

Section: Introductionmentioning

confidence: 99%

Value‐added role of internal audit: an Ethiopian case study

Mihret

Woldeyohannis²

2008

Managerial Auditing Journal

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The purpose of this paper is to draw inferences -from the results of an Ethiopian public sector corporation (for-profit) case study -on how the attributes of a value-adding internal audit department would vary among organisations.The case study strategy is employed. The internal audit function of a public sector corporation was examined using an analytical framework derived from the literature. Research evidence was gathered distributing questionnaires to managers and internal auditors, conducting a semi-structured interview with the internal audit department manager, and reviewing documents.The results highlight that traditional/compliance audit is dominant in the organisation studied as contrasted with value-added auditing. The paper concludes that goals and strategies pursued and the level of risk faced by organisations to which internal audit provides service, appear to shape the attributes of a value-adding internal audit department. The study also demonstrates that the quality of strategic planning for, and marketing of, internal audit would influence the extent to which an appropriate value-added profile is attained in a particular context.

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An assessment of the newly defined internal audit function

Cited by 84 publications

References 2 publications

The Professionalization of Internal Auditing

The Professionalization of Internal Auditing

Internal audit effectiveness: an Ethiopian public sector case study

Value‐added role of internal audit: an Ethiopian case study

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