INTERNAL AUDIT
Index
IA1
References
Rittenberg, L. and Covaleski, M.A., (2001), “Internalisation versus
externalisation of the internal audit function: An examination of
professional and organisational imperatives”, Accounting,
Organisations and Society, Vol.26 No.7,8, Oct/Nov, pp 617-641
IA3
Raghunandam, K., Read, W.J. and Rama, D.V., (2001), “Audit
Committee Composition, “Gray Directors,” and Interaction with
Internal Auditing,” Accounting Horizons, Vol.15 No.2, (June), pp
105-118
IA2
Swanger, S.L. and Chewning Jr., E.G., (2001), “The Effect of
Internal Audit Outsourcing on Financial Analysts’ Perceptions of
External Auditor Independence”, Auditing: A Journal of Practice
and Theory, Vol.20 No.20, (September), pp 115-129
Lightle, S.S. and Bushong, J.G., (2000), “The Role of Internal Audit
in the Effort to Improve Audit Committee Effectiveness”, The Ohio
CPA Journal, October-December, pp 39-43
IA4
IA5
Ward, S., (2000), Best Value, Associations of Chartered Certified
Accountants (ACCA).
Summary
Examines the recent trend towards the outsourcing of internal audit
services to the public accounting profession. The literature is
drawn upon the clash between the public accounting profession and
the internal auditing profession over the provision of internal audit
services.
Examines the association between audit committee composition
and the committee’s interaction with internal auditing. The study
provides an empirical support for the Blue Ribbon Committee’s
(BRC) recommendations (that is aimed at strengthening director
independence and qualifications, and highlights the role of internal
auditors in assisting audit committees in the corporate governance
process) to audit committee composition.
Carry out a two-phase study of the perceptions of financial analysts
regarding external auditor independence when a Certified Public
Accountants (CPA) firms performs both external and internal
auditing services.
Discuss and suggest a number of ways in which the internal audit
department might facilitate the implementation of the Blue Ribbon
Committee (BRC) recommendations (that is aimed at strengthening
the independence of audit committees, making them more effective,
and increasing accountability among the audit committee, outside
auditors and management)
Includes the role of auditors and the need for a new accounting
framework in implementing “Best Value”, that is a fundamental
change in the way many public services are delivered. Best Value,
which was implemented in full in England and Wales from April
2000, is Labour’s big idea that encompasses the change in local
authorities’ structures, their functions and how they relate to central
government.
Rating
5*
5*
4*
3*
3*
IA6
IA7
IA8
McLemore, I., (1997), “Expanding the Mission of Internal Audit”,
Business Finance Magazine, July.
Smyth, A., “Stepping Into the Breach”, Internal Auditing and
Business Risk”.
Singer, A., (1999), “At Howmet Corporation, the Internal Auditor
wears the Ethics Hat”, September/October,
www.singerpubs.com/ethikos/Howmet%20story.htm
Highlights best practices in internal auditing and its benefits
2*
Highlights some of the key issues identified in the Ernst & Young
survey and suggests measures and actions that organisations could
adopt to respond to the risks presented by information security
incidents.
Illustrate an example of how internal auditors acts as the ethics
officers in an organisation.
2*
1*