Factor Structure of the Competency Framework for Internal Auditing (CFIA) Skills for Entering Level Internal Auditors

Seol, Inshik; Sarkis, Joseph; Lefley, Frank

doi:10.1111/j.1099-1123.2011.00431.x

Cited by 21 publications

(14 citation statements)

References 22 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…While auditor's experience represents one of the major topics in the area of auditing research (Intakhan & Ussahawanitchakit, 2010) and one of the internal audit's critical dimensions is internal auditor's experiences and skills (Seol et al, 2011), there is a need for the current study as well as the future ones to expand the research on audit staff experience.…”

Section: Internal Audit Effectiveness and Auditors' Experiencementioning

confidence: 99%

Factors Influence Internal Audit Effectiveness

Shamki¹,

Alhajri²

2017

IJBM

View full text Add to dashboard Cite

This study aims to examine to what extent internal audit effectiveness could be influenced by selected factors namely internal audit scope, internal auditor's experience and senior management's response in the Omani public sector. Employing questionnaire including four sections with 48 questions for responds of 45 managers and 163 employees in Public Authority for Social Insurance (PASI) in the Sultanate of Oman, descriptive analysis, correlation analysis, and multiple regressions were employed to examine the relationships among the study's variables. The study found that a significant relationship between internal audit effectiveness and its scope and auditors' experience in the employees' sample while they were insignificant in the managers' sample. Finally, it is found that there is insignificant relationship between internal audit effectiveness and senior management's response. Based on the findings, an awareness has to be maximized on employees to better cooperate with internal audit staff to improve the applications of internal audit standards. Managers are well interested in organization's activities and performance depending on the internal audit findings and observations. The board of directors has to take in its considerations the reasons of these insignificant results if the reasons are not related to the small size of the managers' sample. The study's contribution is to provide evidence regarding the influence of three mentioned factors on the internal audit effectiveness in public sector.

show abstract

Section: Internal Audit Effectiveness and Auditors' Experiencementioning

confidence: 99%

Factors Influence Internal Audit Effectiveness

Shamki¹,

Alhajri²

2017

IJBM

View full text Add to dashboard Cite

show abstract

“…On this note, CPD's place within Qatar was investigated by Weerakkody et al (2016) via the contrasting of it to that of the UK as a way to create a roadmap; this was done with the ultimate goal of creating a high-quality framework. As founded by Seol et al (2011), surveys indicate that more personal expertise (i.e., fairness; honesty) could be considered as of higher importance and influence than those in the technical arena (i.e., tech communication). Furthermore, Bangladeshi accountants are showcased as experiencing more fulfilment in terms of the CPD within their career (Halabi and Chowdhury, 2018).…”

Section: "Scope Of This Standard (Ies7) Prescribes the Continuing Promentioning

confidence: 99%

“…The Competency Framework for Internal Auditing (at this moment abbreviated to CFIA) has been recently put forward by the Institute of Internal Auditors as a general overview of the capability requirements for all internal auditors the implementation of which is done according to (Seol et al, 2011) to attain high-scale career-related proficiency. It is on a similar note to this that separate research focusing on audit quality and consistent professional growth was conducted (Plant et al, 2019).…”

Section: "Scope Of This Standard (Ies7) Prescribes the Continuing Promentioning

confidence: 99%

Compliance with Continuing Professional Development (IES7) of Internal Auditor and Quality of Internal Audit Function

ALfrijat¹

2020

AFR

View full text Add to dashboard Cite

This paper aims to highlight the importance of compliance with continuing professional development (CPD) of internal auditors and its relationship to the quality of internal audit. The study utilised a Partial Least Squares Structural Equation Modelling (PLS-SEM), which emphasise on the analyses of regression and variance by distributing a questionnaire to the study sample of internal auditors in four countries (Jordan, Lebanon, Qatar and Kuwait), and the number of samples valid for statistical analysis reached 104. The paper has reached positive results regarding the importance of CPD in improving the quality of the internal audit, focused on the continuous follow-up to changes related to income and sales tax law, international financial reporting standards (IFRS), International Accounting Standards (IAS), and International Auditing Standards (IAS). Besides, modern Computer and Technological Applications in Internal audit practices and audit ethics. The results also indicated that CPD represents in professional skills is the development of skills to detect and combat theft and fraud, critical thinking skills of analyzed data. Original/Value, the CPD is the impulse by which internal auditors continue to learn new technical knowledge and skills that support them in professional work, to make them more qualified and developed in terms of knowledge and the skills needed within the labour markets.

show abstract

“…The process also has a projected return: in fact, the administrative body, through the internal committee, communicates the priorities of intervention and the objectives to be pursued to the internal auditing presidium. The support that the internal audit function provides the board of statutory auditors (since it is also the committee for internal control and auditing) is also evident, since it oversees the conformity of the work of the different company sectors, performing investigations seek out to any irregularities and verifying their removal (Seol, Sarkis, & Lefley, 2011). The head of the internal auditing function is by his nature a source of privileged information about the correct operation of the system of internal control and, to this purpose, the Corporate Governance Code indicates that the board of statutory auditors may require the person responsible for internal control the carrying out of verifications on specific operational areas or business operations.…”

Section: Relations and Interaction Modesmentioning

confidence: 99%

The Internal Control Systems Integrated into the Various Profiles of Governance, Audit, Risk and Compliance

Rija¹,

Rubino²

2018

IJBM

View full text Add to dashboard Cite

It is necessary to distinguish the internal controls from external ones: the former are the responsibility of the appropriate bodies and business functions belonging to the organization of the companies, while the latter are exercised by subjects who fall outside the company and the functional structure of the company (audit company, Consob, Bank of Italy, etc.). In recent decades there have been several scandals that have hit large enterprises, also Italian ones, which have increased interest in the issue of corporate governance and in the inefficiencies presented in internal corporation controls (Munroa & Stewart 2011). Enhancing the effectiveness of controls, in particular the internal ones, has become a need increasingly felt by international and national legislators. Internal controls are an essential tool to achieve business goals (operating constantly in terms of efficiency and effectiveness), and at the same time to avoid wastage of resources, to safeguard corporate assets, producing accounting information and reliable management, to observe the strategies, the policies and the corporate procedures and, especially, to ensure compliance with laws and regulations. in this work, it will discuss, in the italian context, the role of the board of directors and the board of statutory auditors within the (SCIGR) System of Internal Control and Risk Management (Jaggi, Allini, Manes Rossi, & Caldarelli, 2016). Moreover, the study moves the analysis to other corporate figures well determined and in constant evolution, including the head of internal audit, the activity of compliance, the supervisory body ex D.Lgs.231/2001 and the manager in charge of drafting corporate accounting documents.Keywords: corporate governance, auditing, compliance, risk The System of Internal Control and Risk Management: The Literature ReviewThe organizational structures of a company, of which the adequacy must be taken care of, evaluated and controlled by the organization bodies, are certainly part of the internal control system, understood as the set of directives, procedures and operational practices defined and adopted by the company to reach, through a proper process of identification, measurement, management and monitoring of the main risks, strategic, operational objectives, of reporting and of compliance. (Bertoli & Perotta, 2013). The internal controls in capital companies is one of the fundamental pillars of the structure of corporate governance in the legal systems of advanced industrial countries (Montalenti, 2015). The first models of integrated control were conceived in the American market in the early nineties, with the development of the COSO framework, which had the aim to support the companies in the evaluation and improvement of the system of internal controls. This model was subsequently updated in 2004 by a second framework in the field of Enterprise Risk Management, the so-called COSO Report II, which inserts the internal control system in the context of the more general process of risk management. Subsequentl...

show abstract

Factor Structure of the Competency Framework for Internal Auditing (CFIA) Skills for Entering Level Internal Auditors

Cited by 21 publications

References 22 publications

Factors Influence Internal Audit Effectiveness

Factors Influence Internal Audit Effectiveness

Compliance with Continuing Professional Development (IES7) of Internal Auditor and Quality of Internal Audit Function

The Internal Control Systems Integrated into the Various Profiles of Governance, Audit, Risk and Compliance

Contact Info

Product

Resources

About