The Jurisdiction of Internal Auditing and the Quest for Professionalization: The Danish Case

Arena, Marika; Jeppesen, Kim Klarskov

doi:10.1111/j.1099-1123.2009.00408.x

Cited by 30 publications

(48 citation statements)

References 37 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: 85%

“…The fi rst attempts to create special courses and programs for internal auditors were undertaken primarily by American universities and they encountered many diffi culties. The main obstacles to developing specifi c programs for internal auditors included a low recognition of internal auditing as a profession as well as the diverse range of specialties of internal auditors and of the activities they conducted (Arena and Jeppesen, 2010). Despite the undeniable increase of awareness of internal auditing and the development of this function, the offer of programs for internal auditors at universities is still quite limited.…”

Section: The Professionalization Of Internal Auditingmentioning

confidence: 99%

“…Already in the 1950s many practitioners signaled the lack of an offi cial education program for internal auditors (Arena and Jeppesen, 2010). The fi rst attempts to create special courses and programs for internal auditors were undertaken primarily by American universities and they encountered many diffi culties.…”

Section: The Professionalization Of Internal Auditingmentioning

confidence: 99%

“…Later on, an increasingly important role was attributed to the creation of systems of internal control and to understanding internal auditing as an essential element of that system. Another important step in the development of the concept of internal auditing was incorporating the role of the auditor in the risk management process (Arena and Jeppesen, 2010). This has resulted in the IIA developing the defi nition of internal auditing in its current form.…”

Section: The Professionalization Of Internal Auditingmentioning

confidence: 99%

“…Scientifi c research on the professionalization of internal auditing in Denmark (Arena and Jeppesen, 2010) showed that external auditors in this country have a professional status that is superior to internal auditing. The authors of this research study used the theory on the system of professions developed by Abbott and concluded that external auditing in Denmark exercises intellectual jurisdiction over internal auditing.…”

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: 85%

Section: The Professionalization Of Internal Auditingmentioning

confidence: 99%

Section: The Professionalization Of Internal Auditingmentioning

confidence: 99%

Section: The Professionalization Of Internal Auditingmentioning

confidence: 99%

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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Some evidence on the impact of internal audit on external audit fees

Hazami‐Ammar

2019

J Corp Accounting Finance

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We examine responses of 2,160 internal auditors to a global survey of the internal auditing profession carried out by the Institute of Internal Auditors Research Foundation from 2009 to 2013. We found that when the internal audit function's (IAF's) quality is high, the external audit fees will be low. This result confirms the substitution effect. We also found that when internal audit hours work increase, audit fees will be high; indicating a complementary effect between these variables. The internal auditor can be the external audit assistant and fully engaged in specific monitoring and control tasks. Nevertheless, he also may be an independent partner of an external audit and fully engaged in corporate governance. If the external auditor apprehends that audit risk is low due to the quality of the IAF, he will require lower fees. If the IAF's work devoted to external audit is high, a signal of a great firm commitment in reinforcing corporate governance is transmitted. Such signal proves the company's willingness to invest more in improving the external audit quality and fees will be high.

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Manifold Conceptions of the Internal Auditing of Risk Culture in the Financial Sector

Sinha

Arena

2018

J Bus Ethics

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This exploratory study investigates the manifold conceptions of the internal auditing (IA) of risk culture prevalent among four influential actors of the financial sector-regulators, normalizers, consultants, and implementers. By inductive analysis of 20 interviews and 295 documents, we illustrate a two-step interpretive scheme utilized by the four actors in their IA approaches of risk culture: defining broad goals and designing visibility schemes. The visibility schemes were tied to the demarcation, measurement, as well as the IA data collection techniques of risk culture. Our results indicate two dichotomous interpretations among the four actors concerning the IA of risk culture. The first interpretation, prevalent among regulators and implementers, promotes the control of risk culture primarily through verification. The second interpretation, adopted by consultants and normalizers, promotes the control of risk culture by IA along with the empowerment of employees through training programs. Our results not only contribute to understanding IA expansions, specifically to non-tangible domains such as risk culture but also enrich the literature exploring the mechanisms different stakeholders utilize to shape weakly professionalized IA practices.

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The Jurisdiction of Internal Auditing and the Quest for Professionalization: The Danish Case

Cited by 30 publications

References 37 publications

The Professionalization of Internal Auditing

The Professionalization of Internal Auditing

Some evidence on the impact of internal audit on external audit fees

Manifold Conceptions of the Internal Auditing of Risk Culture in the Financial Sector

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