Top

Published in:

2018 | OriginalPaper | Chapter

Factors Affecting the Internal Audit Effectiveness: A Survey of the Polish Private and Public Sectors

Author : Piotr Bednarek

Published in: Efficiency in Business and Economics

Publisher: Springer International Publishing

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

Abstract

Recently the attention of the scientific community focuses on internal audit and its role in the organization. Previous studies have shown that internal audit does not always achieve their goals, that is why this study sought to understand the factors that affect internal audit effectiveness. Based on the survey from 342 organizations in Poland it was found that the internal audit effectiveness is affected by: (1) the characteristics of the internal audit, (2) audit activity, and (3) inter-organizational relationships. The effectiveness increases when the age of the internal audit grows, performing audit engagements is regularly monitored, the results of measuring the audit performance and self-assessment are employed for introducing changes, audit committee indicates significant risks and sets priorities for the annual and strategic audit plans, and commissioned audits do not exceed 20% of the work of the internal audit.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

next chapter Measuring Social Effectiveness of Public Institutions: A Contribution to Methodology

Available only for authorised users

Ahmad Z, Taylor D (2009) Commitment to independence by internal auditors: the effects of role ambiguity and role conflict. Manag Audit J 24(9):899–925CrossRef

Allegrini M, Donza G (2003) Internal auditing and risk assessment in large Italian companies: an empirical survey. Int J Audit 7(3):191–208CrossRef

Arena M, Azzone G (2009) Identifying organizational drivers of internal audit effectiveness. Int J Audit 13:43–60CrossRef

Badara MS, Saidin SZ (2013) The journey so far on internal audit effectiveness: a calling for expansion. Int J Acad Res Account Financ Manag Sci 3(3):340–351

Bartoszewicz A (2015) Transformacja audytu wewnętrznego w Polsce − od audytu zgodności do audytu efektywnościowego. Prace Naukowe UE we Wrocławiu 390:36–44

Bednarek P (2015a) Premie i nagrody dla audytorów wewnętrznych a skuteczność audytu wewnętrznego w sektorze prywatnym i publicznym. Prace Naukowe UE we Wrocławiu 399:41–54

Bednarek P (2015b) Samoocena w audycie wewnętrznym jednostek sektora finansów publicznych. Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu, Wrocław

Bednarek P (2016) Problemy ustalania wartości dodanej audytu wewnętrznego – istniejący dorobek i kierunki dalszych badań. Studia Ekonomiczne 263:61–72

Chambers A (1992) Effective internal audits, how to plan and implement. Pitman, Boston, MA

Ciak JM (2016) Internal audit as an instrument of support for the public and private sector. Torun Bus Rev 15(4):17–29

Cohen A, Sayag G (2010) The effectiveness of internal auditing: an empirical examination of its determinants in Israeli organisations. Aust Account Rev 54(20):296–307CrossRef

Committee of Sponsoring Organizations of the Treadway Commission (COSO) (1992) Internal control-integrated framework. Coopers and Lybrand, New York

Dittenhofer M (2001) Internal audit effectiveness: an expansion of present methods. Manag Audit J 16(8):443–450CrossRef

Fazli AS et al (2013) The effects of personal and organizational factors on role ambiguity amongst internal auditors. Int J Audit 18(2):105–114CrossRef

Fraser I, Henry W (2007) Embedding risk management: structures and approaches. Manag Audit J 22(4):392–409CrossRef

Frigo ML (2002) A balanced scorecard framework for internal auditing departments. The Institute of Internal Auditors Research Foundation, Altamonte Springs, FL

Gagne P (2010) Performance indicators. CA Mag:44–48

Goodwin J, Yeo TY (2001) Two factors affecting internal audit independence and objectivity: evidence from Singapore. Int J Audit 5(2):107–125CrossRef

Haffer R (2011) Samoocena i pomiar wyników działalności w systemach zarządzania przedsiębiorstw. W poszukiwaniu doskonałości biznesowej. Wydawnictwo Naukowe Uniwersytetu Mikołaja Kopernika, Toruń

International Standard on Auditing 610 (ISA 610) (2017) Using the work of internal auditors and related conforming amendments. http://www.ifac.org. Accessed 20 Mar 2017

Lenz R, Hahn U (2015) A synthesis of empirical internal audit effectiveness literature pointing to new research opportunities. Manag Audit J 30(1):5–33CrossRef

Lin S et al (2011) The role of the internal audit function in the disclosure of material weaknesses. Account Rev 86(1):287–323CrossRef

Mat Zain M et al (2006) Internal auditors assessment of their contribution to financial statement audits: the relation with audit committee and internal audit function characteristics. Int J Audit 10(1):1–18CrossRef

Mazurek A, Piołunowicz M (2008) Audyt wewnętrzny w sektorze publicznym w Polsce – diagnoza i propozycje zmian. Fundacja FOR, Warszawa

Pogodzińska-Mizdrak E (2007) Audyt wewnętrzny i jego miejsce w zintegrowanym systemie kontroli jednostki. Zeszyty Naukowe 750:101–112

Rabiej M (2012) Statystyka z programem Statistica. Wydawnictwo Helion, Gliwice

Raghunandan K et al (1998) Accounting and auditing knowledge level of Canadian audit committees: some empirical evidence. J Int Account Audit Tax 7(2):181–194CrossRef

Ridley J (2008) Cutting edge internal auditing. Wiley, Chichester

Salierno D (2000) The right measures. Intern Audit 57(1):41–46

Sarens G, De Beelde I (2006) Internal auditors perception about their role in risk manage-ment: a comparison between US and Belgian companies. Manag Audit J 21(1):63–81CrossRef

Sarens G et al (2010) Are internal auditing practices related to the age of the internal audit function? Exploratory evidence and directions for future research. Manag Audit J 26(1):51–64CrossRef

Sarens G et al (2012) Factors associated with the internal audit functions role in corporate governance. J Appl Account Res 13(2):191–204CrossRef

Soh DSB, Martinov-Bennie N (2011) The internal audit function: perception of internal audit roles, effectiveness and evaluation. Manag Audit J 26(7):605–622CrossRef

Tackie G et al (2016) Determinants of internal audit effectiveness in decentralized local government administrative systems. Int J Bus Manag 11(11). https://doi.org/10.5539/ijbm.v11n11p184

The Institute of Internal Auditors Research Foundation (IIARF) (2012) Definicja audytu wewnętrznego, Kodeks etyki oraz Międzynarodowe standardy praktyki zawodowej audytu wewnętrznego. Poradniki. Tłumaczenie na język polski, Altamonte Springs, FL

The Institute of Internal Auditors Research Foundation (IIARF) (2014) The value of quality assurance and improvement programs. A global perspective. Altamonte Springs, FL

Ustawa z dnia 27 sierpnia 2009 r. o finansach publicznych (UOFP) (Dz. U. z 2013 r. poz. 885, z późn. zm.)

Van Peursem K (2005) Conversations with internal auditors: the power of ambiguity. Manag Audit J 20(5):489–512CrossRef

Ziegenfuss DE (2000) Measuring performance. Intern Audit 57(1):36–40

Zieleniewski J (1969) Organizacja i zarządzanie. Państwowe Wydawnictwo Naukowe, Warszawa

Title: Factors Affecting the Internal Audit Effectiveness: A Survey of the Polish Private and Public Sectors
Author: Piotr Bednarek
Publisher: Springer International Publishing
Book: Efficiency in Business and Economics
Print ISBN: 978-3-319-68284-6

Electronic ISBN: 978-3-319-68285-3

Copyright Year: 2018
DOI: https://doi.org/10.1007/978-3-319-68285-3_1