Internal auditing effectiveness: an expansion of present methods

Internal auditing effectiveness: an expansion of present methods One of the three areas to which internal auditing is targeted is effectiveness. Yet we do not often determine whether the internal auditing function is itself operating effectively. We must identify the basic objective of internal auditing, define the goals to be accomplished, establish measures relative to achieving those goals, and finally evaluate the overall internal auditing process. We must separate the usual measures of output from the overall measures of outcome to determine the cost effectiveness and operational improvement aspects of the internal audit process. The former, the time‐honored internal audit output measures must be supplanted by internal audit effectiveness achievements. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Auditing Journal Emerald Publishing

Internal auditing effectiveness: an expansion of present methods

Managerial Auditing Journal, Volume 16 (8): 8 – Nov 1, 2001

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Publisher
Emerald Publishing
Copyright
Copyright © 2001 MCB UP Ltd. All rights reserved.
ISSN
0268-6902
DOI
10.1108/EUM0000000006064
Publisher site
See Article on Publisher Site

Abstract

One of the three areas to which internal auditing is targeted is effectiveness. Yet we do not often determine whether the internal auditing function is itself operating effectively. We must identify the basic objective of internal auditing, define the goals to be accomplished, establish measures relative to achieving those goals, and finally evaluate the overall internal auditing process. We must separate the usual measures of output from the overall measures of outcome to determine the cost effectiveness and operational improvement aspects of the internal audit process. The former, the time‐honored internal audit output measures must be supplanted by internal audit effectiveness achievements.

Journal

Managerial Auditing JournalEmerald Publishing

Published: Nov 1, 2001

Keywords: Internal audit; Effectiveness

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