International journal of scientific & technology research volume 4, issue 12, december 2015 issn 2277-8616 348 ijstr©2015 wwwijstrorg the impact of auditor's independence on audit. Internal auditing internal auditing is an independent consulting activity used to add value and improve an organization's operationsinternal auditing improves an organization by providing insight and recommendations based on analyses and assessments of data. The impetus for this supplemental chapter titled the pervasive impact of information technology on internal auditing comes from the institute of internal auditors research foundation (iiarf) monograph, research opportunities in internal auditing (2003) , hereafter.
The impact of internal audit function quality and contribution on audit delay mina pizzini , shu lin , and douglas e ziegenfuss mina pizzini is an associate professor at the naval postgraduate school, shu lin is an associate professor at california state university, fresno, and douglas e ziegenfuss is a professor at old dominion university. The internal control (audit) unit to help achieve the objectives of the authority from the above, it is therefore imperative to say that, internal controls play a significant role in helping managers to achieve their goals hence the need for this study to investigate the effects of. Internal audit independence and impact is directly influenced by the effectiveness of the audit committee and the committee's relationship with agency leadership internal audit functions in some.
Internal auditing serves as an important link in the business and financial reporting processes of corporations and not-for-profit organizations internal auditors play a key role in monitoring a. The effects of internal audit outsourcing on perceived external auditor independence introduction independence is the cornerstone of the accounting profession and one of its most. It demonstrates the impact of technology convergence on the internal control mechanism of an enterprise it emphasizes that the auditor also has a responsibility to assure that the governance level. Internal auditor (ia) magazine is an indispensable resource for internal auditors and the world's most important source of information about the profession. Internal control would lead to increase in financial performance of commercial banks the study recommends that management in commercial banks in kenya should adopt effective internal audit practices such as internal auditing standards, independence of.
Does internal audit committee meeting significantly influence ii3 objectives of the study the objective of the study is to examine the impact of internal audit activities on the performance of banks in nigeria. Rika t daditpl irisk assessment and audit planning • risk: the possibility of an event occurring that will h i h hi fbj ihave an impact on the achievement of objectives. This study therefore sought to determine the impact of risk based audit method on the implementation of internal control system within the context of the ghana audit service the study was essentially quantitative in nature and employed the empirical research design. The impact of internal auditing in improving productivity in an organization (a case study of zentus nigeria ltd afikpo, ebonyi state) abstract.
In auditing internal controls, the auditor offers an opinion as to whether the entity maintained, in all material respects, effective internal control over financial reporting as of a point in time based on control criteria. In the third section, the corroboration of internal audit work is addressed the fourth section discusses how internal audit work affects external audit fees, the fifth section deals with coordination of internal and external audit work, and the sixth section contains comments about communication issues. Risk based internal audit (rbia) is an internal methodology which is primarily focused on the inherent risk involved in the activities or system and provide assurance that risk is being managed by the management within the defined risk appetite level. Internal audit's role in evaluating the management of risk is wide ranging because everyone from the mailroom to the boardroom is involved in internal control the internal auditor's work includes assessing the tone and risk management culture of the organisation at one level through to evaluating and reporting on the effectiveness of the. Impact of internal auditing practices on the financial performance of gocs in nigeria and to consider the effect of political interferences on this relationship.
The impact of digital technologies on internal audit 4 innovative technologies impacting the finance function and internal audit key technologies are changing the game for the finance function and internal audit, each with major. Understanding how an organization is using rpa and its impact to its risk profile is crucial for internal audit professionals establishing governance of rpa and relevant controls up-front can help effectively mitigate risks. Internal control is under the purview of its audit committee krishnan, , the relation between audit committee quality and internal control weaknesses is a subject to be investigated the audit committee not only.
The combined effect of the quality of internal controls, the external environment and how management interacts with employees can determine the overall effects internal controls have on the business. Suggests that internal control deficiencies also have an impact on external auditor reliance and may impact the degree to which reliance is expanded via the use of continuous auditing by internal audit. Internal auditing, itself, is an important managerial control device (carmichael et al, 1996), which is directly linked to the organizational structure and the general rules of the. We conducted an experiment to assess the contribution of internal auditing to organizational effectiveness we randomly assigned 224 bank branches to experimental conditions (audited or not audited) and monitored their performance for a year.