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Editorial: Internal Auditing: Creating Stepping Stones for the Future

Editorial: Internal Auditing: Creating Stepping Stones for the Future Internal auditing (IA) is one of the disciplines in the broader field of accounting and auditing that has evolved most significantly in the past decade. This evolution has led to the progressive enlargement of the areas of interest of internal auditors, ending up with IA configured in many different ways and internal auditors covering different possible roles. Just to name some of them, IA can be viewed as a monitoring and compliance function aimed at helping to ensure reliable accounting information and to safeguard company assets (Morgan, ). IA can be viewed as the counterpart of different actors responsible for corporate governance. It can serve as the main ‘investigative arm’ of the audit committee (AC), aiming at reducing the information asymmetries between the AC and management (e.g., Turley & Zaman, ; Mat Zain & Subramaniam, ). IA can serve as the ‘eyes and ears’ of the board and senior management, providing assurance that the internal control policies, defined by the management, are in place and are operating as intended (Sarens & De Beelde, ; Sarens, De Beelde & Everaert, ). IA can also support the external auditor who may rely on work already performed by the IA or http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Auditing Wiley

Editorial: Internal Auditing: Creating Stepping Stones for the Future

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Publisher
Wiley
Copyright
Copyright © 2015 John Wiley & Sons Ltd
ISSN
1090-6738
eISSN
1099-1123
DOI
10.1111/ijau.12053
Publisher site
See Article on Publisher Site

Abstract

Internal auditing (IA) is one of the disciplines in the broader field of accounting and auditing that has evolved most significantly in the past decade. This evolution has led to the progressive enlargement of the areas of interest of internal auditors, ending up with IA configured in many different ways and internal auditors covering different possible roles. Just to name some of them, IA can be viewed as a monitoring and compliance function aimed at helping to ensure reliable accounting information and to safeguard company assets (Morgan, ). IA can be viewed as the counterpart of different actors responsible for corporate governance. It can serve as the main ‘investigative arm’ of the audit committee (AC), aiming at reducing the information asymmetries between the AC and management (e.g., Turley & Zaman, ; Mat Zain & Subramaniam, ). IA can serve as the ‘eyes and ears’ of the board and senior management, providing assurance that the internal control policies, defined by the management, are in place and are operating as intended (Sarens & De Beelde, ; Sarens, De Beelde & Everaert, ). IA can also support the external auditor who may rely on work already performed by the IA or

Journal

International Journal of AuditingWiley

Published: Nov 1, 2015

References