scholarly journals https://journals.vgtu.lt/index.php/BME/article/view/5281

2011 ◽  
Vol 9 (2) ◽  
pp. 236-247 ◽  
Author(s):  
Edita Bielińska-Dusza
Keyword(s):  
Internal Audit ◽  
Point Of View ◽  
Audit Efficiency

The purpose of the article was to present the research conducted in com­panies, concerning the functioning of internal audit in Poland. During the research, the author identified a number of barriers reducing the efficiency of the cells of internal audit and audit as an instrument for company improvement. One also indi­cated areas which, from the point of view of internal audit efficiency as well as of the company functioning, should be improved.

scholarly journals The Extent of Internal Audit Efficiency to Limit the Practices of Immoral Accountant (From the Point of view of Auditors in Baghdad)

2018 ◽  
pp. 5-11
Keyword(s):  
Internal Audit ◽  
Point Of View ◽  
Internal Auditing ◽  
Main Hypothesis ◽  
Developmental Approach ◽  
Ethical Practices ◽  
Audit Efficiency ◽  
The Face ◽  
Relationship Of ◽  
Do So

The existence of ethical accounting practices was one of the reasons of deficiencies and difficulties in the field of internal auditing as a profession, in addition to the use of modern techniques and methods to address the shortcomings and difficulties encountered by the form of ethical accounting practices, a great challenge to the accounting profession and auditing through the practices, procedures and policies used by accountants. The exploratory nature of this study was adopted by the researcher on the developmental approach, in which the various information available in the books and courses were extracted and results reached on the application of internal auditing and ethical accounting practices. We have experience that can help protect economic unity and reduce ethical practices. In order to do so, the technology of the systems of expertise can be used in the face of inefficiencies and inefficiencies in the performance of internal audits. The research is based on the main hypothesis that there is a relationship of correlation and effect between the effectiveness of internal audit and the practices of the ethical accountant.

scholarly journals The role of internal audit in the functioning of an effective system of internal control of enterprises

2021 ◽  
pp. 130-137
Author(s):  
I. I. Chebyshev
Keyword(s):  
Control System ◽  
Internal Control ◽  
Internal Audit ◽  
Research Area ◽  
Point Of View ◽  
Internal Control System ◽  
Effective System

The author carried out research of the list of issues related to the field of internal audit, namely its role in achieving the effectiveness of the internal control system. The article logically emphasizes the significance of the research area, discloses the objectives and procedure for conducting internal audit. The paper reveals the issues of the organization and functioning of internal audit as a tool for solving the problems of the company in order to increase the efficiency of its activities and investment attractiveness. From a scientific point of view, the study becomes relevant due to the problems presented and the proposed solutions. Among the identified problems there are such as inefficiency of internal audit, errors of subordination, etc.

scholarly journals Determinants of internal audit efficiency

2002 ◽  
Vol 33 (3) ◽  
pp. 53-62 ◽  
Author(s):  
H. A. Kruger ◽  
P. J. Steyn ◽  
W. Kearney
Keyword(s):  
Regression Analysis ◽  
Data Envelopment Analysis ◽  
Regression Model ◽  
Multiple Regression ◽  
Internal Audit ◽  
Efficiency Score ◽  
Multiple Regression Model ◽  
Data Envelopment ◽  
Audit Efficiency

This paper describes a case study in which Data Envelopment Analysis (DEA) methodology was combined with regression analysis to evaluate the efficiency of an Internal Audit (IA) department over twelve consecutive months. Efficiency of audit projects was first estimated using DEA. These results were then used as one of the outputs to perform a multi-period DEA study with a choice of other inputs and outputs specific to the Internal Audit department under review. The efficiency of audit projects is viewed as one of the key outputs of an IA department and an explanation of these efficiencies would therefore be useful (necessary) to enhance insights gained from the DEA model applied to the twelve months. To assist in this explanation a multiple regression model was employed in which the efficiency score obtained from the DEA computations for the audit projects was used as the dependent variable. Following a description of the models and data, the results are discussed and notes are made of certain aspects pertaining to the department reviewed.

scholarly journals العوامل المؤثرة على استقلالية وموضوعية التدقيق الداخلي دراسة ميدانية على واقع المؤسسات الحكومية في كرميان

2017 ◽  
Vol 3 (4) ◽  
pp. 245
Author(s):  
Soran Mohammed Amin Habeeb ◽  
Honar Mohammed Mohammed Amin ◽  
Peshkawt Abdullah Abdulkarim
Keyword(s):  
Internal Audit ◽  
Point Of View ◽  
Internal Auditor ◽  
Internal Auditors ◽  
Government Institutions ◽  
The Government ◽  
Specialized Team

The Research aims at identifying the factors that affect the Independence and Objectivity of the Internal Auditor by Analyzing the Factors and the variables that constitute them, in addition to surveying the society of the study on the availability of these factors among the internal auditors in the government institutions of the Garmain administration.   Study findings: 1 - The conditions of independence and objectivity of the internal auditor are not available from the point of view of the categories covered by the research based on the results of the research. 2 - There are obstacles to provide the conditions of independence and objectivity of the internal auditor, which indicates the agreement of the sample members on the availability of constraints to provide the conditions of independence and objectivity of the internal auditor. 3. In most cases, there is competition among the accountants to act as an internal auditor, leading to the administration's support in imposing its hegemony on the internal auditors. 4. A specialized team of internal auditors who have the skills, knowledge and specialization to enable them to perform their work independently and objectively is not provided.       Study recommendations: 1 - Focus on the appointment of the auditor by a higher body of the Director based on competencies. 2 - Work to be isolated internal auditor by a higher body of the Director to prevent it from affecting the independence and objectivity. 3 - Interest in the development of special frameworks as an exam to compete for the position of internal auditor. 4. To force the management of institutions not to impose restrictions on the scope of the internal audit.

Does the expertise of outsourced IAF providers affect audit efficiency? Empirical evidence from an emerging market

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Saeed Rabea Baatwah ◽  
Waddah Kamal Hassan Omer ◽  
Khaled Salmen Aljaaidi
Keyword(s):  
Significant Contribution ◽  
Emerging Market ◽  
Internal Audit ◽  
Audit Fees ◽  
Audit Report ◽  
Content Type ◽  
Internal Audit Function ◽  
Audit Efficiency ◽  
Specific Expertise ◽  
Industry Expertise

Purpose This study aims to examine the effect on audit efficiency of outsourced internal audit function (IAF) providers with industry and/or firm-specific expertise. Drawing on relevant studies from external and internal audit literature, the authors assume that such IAF providers are associated with greater audit efficiency as proxied by audit report lag and audit fees. Design/methodology/approach Based on a sample of firms listed on the Omani capital market during 2005–2019, the pooled regressions are used to test the developed hypotheses. The authors use the market share approach to identify outsourced IAF industry expertise providers and tenure to measure the firm-specific expertise of outsourced IAF providers. Findings The authors find that industry outsourced IAF providers are not associated with shorter audit report lag and lower audit fees. The authors also find that firm-specific expertise outsourced IAF providers are associated with a greater reduction in audit report lag and audit fees. These conclusions are robust under a battery of analyses. The significant contribution of firm-specific expertise outsourced IAF providers to audit efficiency is incremental when abnormal audit report lag and audit fees analysis is conducted. Originality/value The results are the first to attest to the contribution of outsourced IAF with firm-specific expertise. They also show that industry expertise held by outsourced IAF providers does not contribute to audit efficiency.

Characteristics of the internal audit and external audit hours: evidence from S. Korea

2016 ◽  
Vol 31 (6/7) ◽  
pp. 629-654 ◽  
Author(s):  
Ho-Young Lee ◽  
Hyun-Young Park
Keyword(s):  
Internal Audit ◽  
Financial Statement ◽  
External Audit ◽  
Content Type ◽  
Internal Auditors ◽  
External Auditors ◽  
Audit Efficiency ◽  
Financial Statement Audit ◽  
Legal Expertise ◽  
Practical Implications

Purpose Using 5,055 sample firm-years in Korea between 2009 and 2013, this paper aims to examine the association between the characteristics of the internal audit and the number of external audit hours as a proxy for audit efficiency. Design/methodology/approach This study is motivated by the International Standard on Auditing No. 610: “Using the work of internal auditors”. This auditing standard guides external auditors in using the work of internal auditors to obtain audit evidence and consult internal auditors for direct assistance. The authors expect that external audit efficiency will increase when the work of competent internal auditors is used. Findings The authors find that the number of internal auditors relative to the number of employees is associated with the number of external audit hours. This result suggests that the greater the availability of internal auditors, the greater their contribution will be to the financial statement audit and the more efficient the audit. The authors find evidence that external auditors use the work of internal auditors with accounting and legal expertise to improve audit efficiency. They also find some evidence that the work of internal auditors with greater availability is more effective during initial external audit engagements. Originality/value This study adds to the extant literature on the contributions of internal auditors to external audits by using archival data and by measuring audit effort using a large database of audit hours. In addition, our findings have practical implications for firms and external auditors who are evaluating the role and value of using the work of internal auditors. The authors also believe that the findings will be of interest to regulators or auditing standards boards.

Performance Measurement in the Internal Audit Departments in Poland - the State of the Art and Prospects for Development

2014 ◽  
Vol 9 (2) ◽  
pp. 153-163
Author(s):  
Piotr Bednarek
Keyword(s):  
Performance Measurement ◽  
Audit Quality ◽  
State Of The Art ◽  
Value Added ◽  
Internal Audit ◽  
Quality Measures ◽  
Organizational Characteristics ◽  
Internal Auditing ◽  
Future Performance ◽  
Audit Efficiency

The paper reports the major results of a study of performance measurement of internal auditing in various organizations operating in Poland in 2013 and prospects for development. The research implies that many internal audit departments formally do not measure performance, while others do measure, but only informally. Many times satisfaction indicators of key internal audit stakeholders are not identified, the information on performance is not reported to anyone apart from the internal audit staff, and the information is not used for continues improvement. The most often used performance measures in practice are focused on measuring effectiveness of audit processes and impact of internal audit services on organizations' performance. In addition there are internal audit efficiency and output measured. Quality measures are less common. Stakeholders, scope and usage of performance measurement are related to various organizational characteristics. Many respondents have declared that in future will start and formalize performance measurement and based on it they will improve internal audit performance. In future performance measurement will be more focused on internal audit quality and value added.

Exception Prioritization in the Continuous Auditing Environment: A Framework and Experimental Evaluation

2015 ◽  
Vol 30 (2) ◽  
pp. 135-157 ◽  
Author(s):  
Pei Li ◽  
David Y. Chan ◽  
Alexander Kogan
Keyword(s):  
Confidence Level ◽  
Experimental Evaluation ◽  
Back Propagation ◽  
Internal Audit ◽  
Belief Functions ◽  
Continuous Auditing ◽  
Audit Efficiency

ABSTRACT Researchers have found that the volume of exceptions generated by a continuous auditing system can be overwhelming for an internal audit department to handle. In this paper, we propose and validate a framework that systematically prioritizes exceptions based on the likelihood of an exception being erroneous or fraudulent and evaluate the framework using an experiment. The framework consists of six stages: (1) generation of exceptions using defined rules, (2) assignment of suspicion scores to exceptions using belief functions, (3) exception prioritization, (4) exception investigation, (5) rule confidence level update utilizing back propagation, and (6) rule(s) addition utilizing a rule learner algorithm. We also simulate the proposed framework using an experiment. The experiment results provide evidence that the framework can be effective in prioritizing exceptions and thus maximizing audit efficiency.

scholarly journals Bibliotekų kaip viešojo sektoriaus institucijų veiklos vertinimo organizavimo galimybė viešojo administravimo požiūriu

2013 ◽  
Vol 63 ◽  
pp. 43-64
Author(s):  
Jaroslav Dvorak ◽  
Jurgita Rudžionienė
Keyword(s):  
Performance Evaluation ◽  
Public Sector ◽  
Public Administration ◽  
Public Management ◽  
Internal Audit ◽  
Information Services ◽  
Point Of View ◽  
Main Task ◽  
Library Administration ◽  
Audit Activity

Straipsnio tikslas – pažvelgti į bibliotekų, kaip viešojo sektoriaus institucijų, veiklos vertinimą viešojo administravimo požiūriu. Keliama sėkmingo bibliotekų veiklos vertinimo užtikrinimo problema. Bibliotekos, patirdamos spaudimą šiuolaikinėje konkurencinėje aplinkoje, privalo įgyvendinti priemones, užtikrinančias kokybišką jų veiklos rezultatą. Straipsnyje analizuojamas bibliotekos veiklos vertinimas kaip svarbi institucijos vadybos dalis viešojo administravimo požiūriu. Pateikiama vertinimo samprata, aptariama viešojo sektoriaus institucijų veiklos vertinimo specifika, vertinimo svarba bibliotekų sėkmingai plėtrai ir veiklumui užtikrinti. Išsamiai supažindinama su vertinimo funkcijomis, bibliotekų veiklos vertinimo lygmenimis, atskleidžiamos viešojo administravimo galimybės organizuojant bibliotekų veiklos vertinimą.Pagrindiniai žodžiai: veiklos vertinimas, viešasis administravimas, biblioteka.Feasibility to organize performance evaluation at a library as a public sector institution: public administration approachJaroslav Dvorak, Jurgita Rudžionienė Summary The main issue of the article is the possibilities of per­formance evaluation in libraries as public sector insti­tutions. The main task is to analyse the issue from the point of view of public administration. Such evalua­tion is analyzed in comparison with other instruments of public management (performance / internal audit, activity management). The main evaluation functions (improvement of strategic planning, accountability, knowledge production, marketing, community con­solidation, enlightening and learning) are described. The present research emphasizes that evaluation users attempt to ensure several functions. The choice of the functions depends on the aim of the user of evaluation information, evaluation type or even the approaches of evaluation organization in the country. For assessing library performance, the four-level approach comprising the infrastructure of a library, its innovativeness, human resources, the quality of the place is presented. Valuing information, the information services as well as the overall public sector performance and its results are still challeng­ing for libraries all over the world. Articulating and demonstrating the value and impact of information services in libraries as well as the whole library per­formance are still a major challenge for information management. It makes particular difficulties for de­veloping an adequate institutional management and library administration. A lot of efforts to find the best ways for creating and implementing evaluation cul­ture for information institutions, including libraries, are being made. Key words: performance evaluation, public ad­ministration, library.

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