Performance audit in the service of internal audit

Jin’e, Yan; Dunjia, Li

doi:10.1108/02686909710173867

Cited by 14 publications

(3 citation statements)

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“…The origins of internal auditing were in ancient times (Chun, 1997). However, it was not until the 1940s that the practice of internal auditing began to assume an important role in organizational strategy and management ( Jin'e and Dunjia, 1997;Dittenhofer, 2001). The professionalization of internal auditing has continued steadily since then.…”

Section: Introductionmentioning

confidence: 99%

Factors associated with the adoption of risk‐based internal auditing

Castanheira

Rodrigues²,

Craig³

2009

Managerial Auditing Journal

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Findings -In planning an annual schedule of audits, the adoption of a risk-based approach is statistically significant in international firms ( p # 0.05) and companies listed on the Portuguese stock market ( p # 0.10). There is a strong (but not significant) association between risk-based annual audit planning and entities which are private, in the finance sector, and large. In planning each audit engagement, adoption of a risk-based approach is correlated positively with entity size. Internal auditing is more proactive in the implementation of ERM in smaller organisations, and is more important in the finance industry and the private sector. Practical implications -A better understanding emerges of factors associated with the adoption of risk-based auditing, together with an enhanced appreciation of the role of internal auditing in ERM. Originality/value -The paper reveals the specific characteristics of companies that are associated with the adoption of risk-based approaches in the internal audit process. It is the first paper published about risk-based internal auditing in Portugal.

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Section: Introductionmentioning

confidence: 99%

Factors associated with the adoption of risk‐based internal auditing

Castanheira

Rodrigues²,

Craig³

2009

Managerial Auditing Journal

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“…This need is important as key stakeholders are more concerned about operational and business risks compared with financial risks (Clark, 2003; Danescu et al, 2010; Ernst & Young, 2007; Khalili et al, 2012; Paape et al, 2003; Soh & Martinov‐Bennie, 2011; Tooley et al, 2010). The purpose of an operational audit is to provide management with strategic information to support the achievement of the organisation's broader goals (Flesher & Zarzeski, 2002; Jin'e & Dunjia, 1997), thus meeting stakeholders' expectations in operational and non‐financial risk areas (Khalili et al, 2012; Paape et al, 2003; Soh & Martinov‐Bennie, 2011; Tooley et al, 2010). Accordingly, operational audit is defined in this study as the process of evaluating an organisation's performance and providing management with recommendations to improve such performance.…”

Section: Background and Literature Reviewmentioning

confidence: 99%

Relational contracting theory and internal audit: Chief audit executives' perspectives on creating and strengthening trust by building credibility and clarity

et al. 2023

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Using the lens of relational contracting, we examine internal auditors' efforts in building a relationship of trust with management within the context of operational audits. We gain insights into the day‐to‐day practices of internal auditors by interviewing 28 chief audit executives of internal audit departments across Australia and find that internal auditors undertake numerous measures to demonstrate credibility and provide clarity on their intentions in an attempt to gain managements' respect and confidence. However, we also find that some of the measures auditors undertake in a defensive corporate culture support the notion of ‘trust begets trust’. Consequently, such measures may not only assist in establishing a relational contract with management but also highlight the potential risks to internal auditor independence.

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“…In general, management performance audits are carried out by internal auditors. According to Jin'e and Dunjia (1997) and Pratolo (2015), internal auditors have several advantages, namely: 1) internal auditors are more familiar with the production process and company operations; 2) internal auditors are more independent than other parties because internal auditors do not carry out management and operations activities within a company. In addition, excellence internal auditors are authorized to report matters directly to the highest authority.…”

Section: Introductionmentioning

confidence: 99%

Stakeholder Identification: A Study on Perfomance Audit Concept and Organizational Excellence

SAHERTİAN

Jatiningsih

2022

Journal of Empirical Economics and Social Sciences

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This study aims to examine the concept of performance audit and organizational excellence using a stakeholder perspective. This research was conducted in a service organization by observing and collecting information from informant covering directors, shareholders, and employees. This research is qualitative, using semi-structured interviews with a constructionist approach. Based on the results of the analysis that has been carried out, it is found that there are no significant differences of opinion among stakeholders regarding the concept of performance auditing in the achievement of organizational excellence, and there are differences of opinion regarding the magnitude of the contribution of performance audits given in an effort to achieve organizational excellence, namely 5–10%, 80–90%, and 95–95%. This study uses stakeholder theory to identify stakeholders in the object of research, and the results show that there is a dominant role, namely, the dominant stakeholder which plays the role of customer. In this case, the organization relies on significant stakeholders to achieve organizational excellence.

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Performance audit in the service of internal audit

Cited by 14 publications

References 0 publications

Factors associated with the adoption of risk‐based internal auditing

Factors associated with the adoption of risk‐based internal auditing

Relational contracting theory and internal audit: Chief audit executives' perspectives on creating and strengthening trust by building credibility and clarity

Stakeholder Identification: A Study on Perfomance Audit Concept and Organizational Excellence

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