Breaking the Barrier – On the Use of Joint Audits in the Internal Audit Profession

Behrend, Joel; Eulerich, Marc

doi:10.2139/ssrn.3422167

Cited by 2 publications

(1 citation statement)

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“…Often the IAF does not have these resources in-house and must employ other staffing arrangements (e.g., outsourcing or cosourcing; see also Glover et al 2008;Burton et al 2012;Abdolmohammadi 2013). In addition to traditional joint audits which involve external service providers, audits are also conducted in close cooperation with functions traditionally described as having "second line roles," such as risk management and compliance (Behrend and Eulerich 2021). Utilizing organizational personnel in the IAF with expertise in compliance and risk management can improve the assurance level of work provided by the IAF, since those employees can externalize their prior experience to the internal audit colleagues.…”

Section: Knowledge Sharingmentioning

confidence: 99%

New Frontiers for Internal Audit Research^*

Christ¹,

Eulerich

Krane

et al. 2021

Accounting Perspectives

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Internal audit provides useful and valuable services to organizations, and academic research has established its importance in improving corporate governance. However, the body of internal audit research is still relatively small. Indeed, there are many emerging, lesser-known topics and practitioners would like guidance. The primary focus of this paper is to make specific recommendations for future research based on surveys, interviews, and discussions with practitioners. We identify three broad areas for additional academic research: innovation in information technology, staffing and personnel development, and agile auditing. In each area, we describe current practices and discuss the relevant accounting literature, noting gaps where additional inquiry is needed. We also provide a list of testable research ideas to help inform academics about practice-relevant research questions that would not only add to the academic literature, but would benefit practitioners who seek guidance. We hope this paper will inspire more academic research that investigates important internal audit questions.

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