The Role of Internal Audit Regarding the Corporate Governance and the Current Crisis

Zaharia, Dragos Laurentiu; Lazar, Andreea; Tilea, Doina Maria

doi:10.1016/j.sbspro.2014.01.1031

Cited by 4 publications

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“…Neste sentido, os auditores internos devem ter um bom conhecimento do negócio auditado, para poder monitorar a situação e avaliar as mudanças que a própria entidade está sujeita. Eles devem estar cientes da mudanças, ajudar a identificar novos riscos que os gestores podem enfrentar, embora os gestores ainda sejam responsáveis por identifica-los (Zaharia, Lazar & Tilea, 2014).…”

Section: Auditoria Internaunclassified

“…A melhoria dos processos de gestão das empresas auditadas, em toda sua complexidade, exige o conhecimento e aplicação de princípios mais modernos que visem garantir o funcionamento das entidades, ao nível de desempenho e competitividade (Zaharia, Lazar & Tilea, 2014), ao adaptar suas funções aos desafios atuais, a AI aumentará segurança da governança corporativa como um todo (Caratas & Spatariu, 2014).…”

Section: Auditoria Internaunclassified

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Design service como abordagem de inovação em auditoria interna de instituições financeiras

Fahl¹,

Amaral²

2023

PDM

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O presente artigo visa analisar a aplicabilidade das técnicas de Design Service em unidades de Auditoria Interna (AI) de Instituições Financeiras (IF). O trabalho parte da premissa de que unidades de AI são prestadoras de serviço, ocupam posição estratégica relevante nas organizações, agregando conhecimentos aos processos das áreas auditadas. As empresas que atuam no segmento financeiro, além do desafio da busca por alcançar níveis de eficiência iguais ou superiores aos de seus tradicionais concorrentes, convivem com novos players de mercado, empresas de tecnologia, que tem na inovação, a essência de seu modelo de negócio. A metodologia do trabalho fundamenta-se em uma pesquisa bibliográfica, com uma revisão da literatura sobre o tema, para o embasamento técnico e sistematização das informações. Para o levantamento de dados foi conduzida uma pesquisa exploratória na plataforma ScienceDirect, publicações em congressos e complementarmente informações de portais de empresas especializadas na atividade de Auditoria Interna. As informações foram analisadas considerando o arcabouço das teorias de design em serviços e de sua aderências aos processos da AI. Como resultado verificou-se a importância do Design Service, como uma abordagem iterativa, no desenvolvimento de ações estratégicas da AI, desenvolvimento de novos processos, de ferramentas e métodos, bem como para projetar novos serviços como facilitadores de co-criação de valor aos usuários dos serviços de AI.

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Section: Auditoria Internaunclassified

Design service como abordagem de inovação em auditoria interna de instituições financeiras

Fahl¹,

Amaral²

2023

PDM

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“…The audit committee must set up an internal audit function that is independent "eyes and ears" in an entity, which provides an assessment of internal control and other matters [21,22,23,24] with the aimof increasing audit committee effectiveness and financial reporting quality [25,26,27]. Zaharia, Lazar, and Tilea [28] also stated that the internal audit is responsible for analyzing and evaluating management in terms of systems and processes to provide both reasonable guarantees in relation to the level of internal control activities and advice to management that will lead to improvement and development business activities of entities in all line subjects to audit. Thus, it is known that internal audit roles and functions change and develop increasingly and widespread from an activity that specifically considering identification of fraud to be a real managerial instrument, namely the existence of counseling activities that contribute to the improvement of the governance system [29].…”

Section: The Role Of Internal Audit In Good Corporate Governancementioning

confidence: 99%

The Role of Internal Audit in Corporate Governance and Contribution to Determine Audit Fees for External Audits

Saputra¹,

Yusuf²

2019

JFA

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This study aims to determine the role of the internal audit function in good corporate governance and to know the contribution of the internal audit function to the implementation of external audit and the determination of audit fees. The method used is in-depth and critical review literature. The results of our analysis show that the role of internal audit in corporate governance is to assess the fairness of financial statements, to compliance with applicable standards and rules, and to provide creative advice for the effectiveness and operational efficiency of the company. Effectiveness and efficiency of the implementation of external audits is influenced by the availability of internal audits, knowledge and experience of internal auditors internal audit quality, level of coordination between internal auditors and external auditors, level of risk in the audit environment, external auditor work style, and inherent risk the amount of fee that must be given to the external auditor. So, it can be concluded that the internal audit function has a very important role in corporate governance. Moreover, a quality internal audit function can affect the effectiveness and efficiency of the implementation of external audits and can influence the determination of fees for external auditors.

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“…It can supervise the entire process of subsidiaries' business activities and transfer internal information through multiple channels in order to reduce the asymmetry of an enterprise's internal information and to realize comprehensive subsidiary monitoring. Similarly, as an important component of corporate governance, an internal audit helps the parent company conduct more effective subsidiary supervision by identifying the risks subsidiaries may face in ever-changing environments (Zaharia et al 2014;Arthur 2017).…”

Section: Introductionmentioning

confidence: 99%

Identifying the key factors of subsidiary supervision and management using an innovative hybrid architecture in a big data environment

Hsu

Chen

et al. 2021

Financ Innov

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In a highly intertwined and connected business environment, globalized layout planning can be an effective way for enterprises to expand their market. Nevertheless, conflicts and contradictions always exist between parent and subsidiary enterprises; if they are in different countries, these conflicts can become especially problematic. Internal control systems for subsidiary supervision and management seem to be particularly important when aiming to align subsidiaries’ decisions with parent enterprises’ strategic intentions, and such systems undoubtedly involve numerous criteria/dimensions. An effective tool is urgently needed to clarify the relevant issues and discern the cause-and-effect relationships among them in these conflicts. Traditional statistical approaches cannot fully explain these situations due to the complexity and invisibility of the criteria/dimensions; thus, the fuzzy rough set theory (FRST), with its superior data exploration ability and impreciseness tolerance, can be considered to adequately address the complexities. Motivated by efficient integrated systems, aggregating multiple dissimilar systems’ outputs and converting them into a consensus result can be useful for realizing outstanding performances. Based on this concept, we insert selected criteria/dimensions via FRST into DEMATEL to identify and analyze the dependency and feedback relations among variables of parent/subsidiary gaps and conflicts. The results present the improvement priorities based on their magnitude of impact, in the following order: organizational control structure, business and financial information system management, major financial management, business strategy management, construction of a management system, and integrated audit management. Managers can consider the potential implications herein when formulating future targeted policies to improve subsidiary supervision and strengthen overall corporate governance.

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The Role of Internal Audit Regarding the Corporate Governance and the Current Crisis

Cited by 4 publications

References 0 publications

Design service como abordagem de inovação em auditoria interna de instituições financeiras

Design service como abordagem de inovação em auditoria interna de instituições financeiras

The Role of Internal Audit in Corporate Governance and Contribution to Determine Audit Fees for External Audits

Identifying the key factors of subsidiary supervision and management using an innovative hybrid architecture in a big data environment

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