Factors Affecting the Internal Audit Effectiveness: A Survey of the Polish Private and Public Sectors

Bednarek, Piotr

doi:10.1007/978-3-319-68285-3_1

Cited by 12 publications

(21 citation statements)

References 18 publications

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“…As indicated in Table 3, there are 6 studies that use recommendation implementation rate as one of the indicators to represent the IA effectiveness. This indicator specifies the ratio between the number of audit recommendations that are approved or agreed by the auditees or management and that have been implemented, and the total number of recommendations proposed by the internal auditor (Bednarek, 2018). Although this method has certain limitations, it helps the auditee to determine -to some extent-the impact of the IA (Bednarek, 2018).…”

Section: Iaem3 Recommendation Implementation Ratementioning

confidence: 99%

“…This indicator specifies the ratio between the number of audit recommendations that are approved or agreed by the auditees or management and that have been implemented, and the total number of recommendations proposed by the internal auditor (Bednarek, 2018). Although this method has certain limitations, it helps the auditee to determine -to some extent-the impact of the IA (Bednarek, 2018). One of the limitations -as highlighted in study [S14]-is how the time required to implement the recommendations can be determined and when the auditee can measure the impact.…”

Section: Iaem3 Recommendation Implementation Ratementioning

confidence: 99%

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Internal audit effectiveness: operationalization and influencing factors

Türetken

Jethefer

Özkan

2019

MAJ

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Purpose The purpose of this paper is to introduce a framework that presents how internal audit effectiveness can be operationalized and what factors are available to influence the effectiveness. Internal audits have become one of the key practices for organizations to control the adherence of their processes to standard procedures and regulations. The benefits of conducting internal audits are well acknowledged in the literature. However, it is difficult for organizations to assess the effectiveness of internal audits and to understand the factors that influence audit effectiveness. Design/methodology/approach A systematic literature review was conducted to identify relevant publications and collect and synthesize evidence on the operationalization of internal audit effectiveness and the factors that potentially influence the effectiveness of internal audits. Findings A thorough analysis of the relevant studies resulted in a comprehensive list of indicators used for the operationalization of audit effectiveness and a list of potentially influencing factors. The results of the systematic review are synthesized into a framework. Research limitations/implications The researchers should consider this study as a comprehensive source that offers pointers on the factors investigated in the literature and a basis for future research in this field to address the gaps that are identified. Practical implications Awareness about how the effectiveness of internal audits can be measured, and the factors that can potentially influence this effectiveness can help organizations to understand their current performance and ultimately improve it in the future. Originality/value The contributions of this study will help in better understanding the state of the research on internal audit effectiveness, including the influential factors, and gaps and opportunities for future research.

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Section: Iaem3 Recommendation Implementation Ratementioning

confidence: 99%

Section: Iaem3 Recommendation Implementation Ratementioning

confidence: 99%

Internal audit effectiveness: operationalization and influencing factors

Türetken

Jethefer

Özkan

2019

MAJ

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“…Relationships between internal auditors and external auditors; between internal auditors and chief audit executives and senior management; internal auditors and inter-organisational relationships are research areas that need further studies. This can be inferred from the works of Lenz et al (2017), Mustika (2015), Bednarek (2018) and Musah et al (2018).…”

Section: Discussionmentioning

confidence: 91%

“…The factors of internal audit effectiveness identified were mostly attributes of internal auditors. These were auditors' characteristics including auditor competency; auditors' independence; objectivity; professional proficiency; career advancement; and auditors' experience (Baharud-din et al 2014;Endaya & Hanefah, 2016;Dellai & Omri, 2016;Tackie et al, 2016;Mustika, 2015;Shamki & Alhajri, 2017;Bednarek, 2017;Rudhani et al, 2017;Hailemariam, 2014;Chevers et al, 2016;Bednarek, 2018;Musah et al, 2018). Attention of researchers could be deepened in the attributes of internal auditors as catalyst of internal audit effectiveness and understanding the dynamism of audit problems.…”

Section: Discussionmentioning

confidence: 99%

“…Moreover, it was confirmed that audit quality is the fundamental element of the effectiveness of internal audit since it was among the most influential factors in the sample. Bednarek (2018), undertook a study to understand the factors that affect internal audit effectiveness. Based on the survey from 342 organizations in Poland it was found that the internal audit effectiveness is affected by: 1) the characteristics of the internal audit, 2) audit activity, and 3) inter-organizational relationships.…”

Section: Selected Empirical Findingsmentioning

confidence: 99%

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Critical Literature Review on Internal Audit Effectiveness

Yeboah¹

2020

OJBM

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This paper attempts to critically review literature on internal audit effectiveness. Some empirical findings were selected for the study. It was revealed that studies concentrated on public sector organizations. Also, internal auditors' attributes were identified as the key for the measurement of internal audit effectiveness and that the relationship of internal auditors and external auditors, chief audit executives and senior management play a pivotal role in internal audit effectiveness. It is recommended that research in internal audit effectiveness should encapsulate empirical studies in the private sector organizations; comparative analysis of private and public sector organizations; attributes of internal auditors as the core measurement; and the relationship and/or causality of management support and internal audit effectiveness. Additionally, relationship of internal auditors with others including external auditors, chief audit executives and senior management should be emerging areas of research in internal audit effectiveness.

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The Changing Role of the Transport Facility Internal Audit in the Post-COVID Period

Krivtsov

Тарасова

2022

Post-Covid Economic Revival, Volume II

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Factors Affecting the Internal Audit Effectiveness: A Survey of the Polish Private and Public Sectors

Cited by 12 publications

References 18 publications

Internal audit effectiveness: operationalization and influencing factors

Internal audit effectiveness: operationalization and influencing factors

Critical Literature Review on Internal Audit Effectiveness

The Changing Role of the Transport Facility Internal Audit in the Post-COVID Period

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