Internal auditing has transformed over the past twodecades from its beginnings as a financial enforcerto a respected member of the managementdecisionmaking process. Internal auditors now areproviding management with information of a broaderrange of company activities than they are used to.This transformation is far from over because of thenature of the auditors work and the perceptionsof management and the public concerning audits.The function of internal auditors is not only tomeasure and evaluate the effectiveness, efficiencyand economy of organisational activities and controlsbut also to participate with management in highleveldecision making. The partnership concept ofinternal auditing is needed to enhance the imageand change the attitudes of management withregards to internal auditing in light of the increaseddemands and responsibilities of the new auditor.Students, internal auditors and management mustbe educated properly and trained for this partnershipconcept. By using the internal auditor as part ofthe management team and by offering more tomanagement and assuming more risk, the goals ofthe organisation are more likely to be achievedeffectively, efficiently and economically.
Managerial Auditing Journal – Emerald Publishing
Published: Feb 1, 1991