Internal Audit Departments: Adoption and Characteristics in Italian Companies

Arena, Marika; Azzone, Giovanni

doi:10.1111/j.1099-1123.2007.00357.x

Cited by 72 publications

(77 citation statements)

References 38 publications

(57 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Institutional theory could, therefore, enable a study of internal audit from diverse perspectives compared to the limited and limiting principal-agent (shareholder-manager) focus of agency theory. Moreover, prior research suggests the validity of this theory for internal audit research in the contexts of both developing (see example, Al-Twaijry et al, 2003) and developed economies (see example, Arena et al, 2006;Arena and Azzone, 2007).…”

Section: Institutional Theorymentioning

confidence: 96%

Antecedents and organisational performance implications of internal audit effectiveness

Mihret

James

Mula

2010

Pacific Accounting Review

View full text Add to dashboard Cite

Purpose -This paper synthesises relevant theoretical and empirical literature to develop propositions and suggests a research agenda on the antecedents and organisational performance implications of internal audit effectiveness. Design/methodology/approach -The paper employs institutional theory and Karl Marx's theory of the ‗circuit of industrial capital' to synthesize relevant internal audit literature to develop theoretically justifiable propositions and highlight an operational research agenda. Findings -Propositions and a research agenda are provided on potential antecedents of internal audit effectiveness and its possible association with company performance measured as rate of return on capital employed. Also, key variables are identified and operationalisation issues discussed. Originality/value -As the extant literature does not provide a canon of internal audit effectiveness, the paper's originality is its argument that a positive association between compliance with standards for the professional practice of internal auditors and organisational goal achievement could serve as an approach to assess internal audit effectiveness. Furthermore, the use of the two theories in combination provides additional insights into identifying the antecedents of internal audit effectiveness and its measurement.Paper type -Literature review, theory

show abstract

Section: Institutional Theorymentioning

confidence: 96%

Antecedents and organisational performance implications of internal audit effectiveness

Mihret

James

Mula

2010

Pacific Accounting Review

View full text Add to dashboard Cite

show abstract

“…Several previous studies on internal audit have drawn on the institutional theory (Al-Twaijry et al, 2003;Arena & Azzone, 2006;Arena & Azzone, 2007;Mihret et al, 2010). Empirical works cited from these studies tend to suggest that the institutional theory is a valid theory for internal audit effectiveness which has been employed in both developed and developing regions.…”

Section: Theories Of Internal Auditingmentioning

confidence: 99%

Determinants of Internal Audit Effectiveness in Decentralized Local Government Administrative Systems

Tackie¹,

Marfo-Yiadom²,

Achina³

2016

IJBM

View full text Add to dashboard Cite

This paper examines the determinants of internal audit effectiveness in decentralized local government administrative systems of Ghana. Ghana's local government system is structured into metropolitan, municipal, and district assemblies (MMDAs). For the purpose of the study, we focused on the Ashanti region of Ghana which has the highest number of MMDAs. The motivation for the study is derived from the increased interest in the internal audits of local government units. Using a descriptive survey, the data gathered, through the use of questionnaire, revealed that majority of the internal audit staff of MMDAs in the Ashanti Region of Ghana possess the requisite professional proficiency. Contrary to the perception that audit quality in the public sector is usually compromised, the study revealed that there exists high quality of audit work due to compliance with the international standards on auditing and local audit legislations. Professional proficiency, organizational independence, and career advancement were found to have statistically significant positive relationship with internal audit effectiveness, whiles top management support was found to have no effect on internal audit effectiveness.

show abstract

“…85.37 percent of the private sector IAF being involved in out sourcing compared to 67 percent of public sector internal audit being involved in outsourcing. Previous studies of [21] indicated that 69.41 percent of Italian firms do not outsourced internal audit services. Whereas, [13] indicated that 68 percent of public sector entities and 65 percent private sector entities engaged in outsourcing internal audit services.…”

Section: Resultsmentioning

confidence: 98%

Internal audit function: a comparison between private and public sector in Nigeria

2017

View full text Add to dashboard Cite

Abstract. This study compares the internal audit functions between private and the public sector. Features examined include hierarchical rank of internal audit function, internal audit transfer, outsourcing of internal audit services and working relationship of internal audit with external auditor. The study is based on a survey of internal audit managers and chief internal auditors in private and public sector entities in Nigeria. The results revealed that there is no much difference in hierarchical rank of internal audit function in both sectors. While the results showed that differences exist in the reporting status between internal audit in the two sectors with private sector internal audit reporting to audit committee and chief executive officer and public sector internal audit reporting to chief executive officer and chief financial officer. Almost a similar amount of work is outsourced, and private sector entities are more likely to outsource than those in public sector. There is slight difference between internal audit activities and interaction with external auditor in the two sectors with private sector more likely to coordinate in the area of access to audit working papers.

show abstract

Internal Audit Departments: Adoption and Characteristics in Italian Companies

Cited by 72 publications

References 38 publications

Antecedents and organisational performance implications of internal audit effectiveness

Antecedents and organisational performance implications of internal audit effectiveness

Determinants of Internal Audit Effectiveness in Decentralized Local Government Administrative Systems

Internal audit function: a comparison between private and public sector in Nigeria

Contact Info

Product

Resources

About