Measurement and Analysis of Process Audit: A Case Study

Shu, Fengdi; Li, Qi; Wang, Qing; Zhang, Haopeng

doi:10.1007/978-3-642-14347-2_25

Cited by 5 publications

(3 citation statements)

References 5 publications

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“…A typical evaluation of IA performance is a comparison of the actual performance with the predefined objectives, including the measurement of the achieved effectiveness and efficiency (Beckmerhagen et al, 2004;Shu et al, 2010). The term "effectiveness" has been defined as "the capacity to obtain results that are consistent with target objective" (Arena and Azzone, 2009).…”

Section: Introductionmentioning

confidence: 99%

Internal audit effectiveness: operationalization and influencing factors

Türetken

Jethefer

Özkan

2019

MAJ

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Purpose The purpose of this paper is to introduce a framework that presents how internal audit effectiveness can be operationalized and what factors are available to influence the effectiveness. Internal audits have become one of the key practices for organizations to control the adherence of their processes to standard procedures and regulations. The benefits of conducting internal audits are well acknowledged in the literature. However, it is difficult for organizations to assess the effectiveness of internal audits and to understand the factors that influence audit effectiveness. Design/methodology/approach A systematic literature review was conducted to identify relevant publications and collect and synthesize evidence on the operationalization of internal audit effectiveness and the factors that potentially influence the effectiveness of internal audits. Findings A thorough analysis of the relevant studies resulted in a comprehensive list of indicators used for the operationalization of audit effectiveness and a list of potentially influencing factors. The results of the systematic review are synthesized into a framework. Research limitations/implications The researchers should consider this study as a comprehensive source that offers pointers on the factors investigated in the literature and a basis for future research in this field to address the gaps that are identified. Practical implications Awareness about how the effectiveness of internal audits can be measured, and the factors that can potentially influence this effectiveness can help organizations to understand their current performance and ultimately improve it in the future. Originality/value The contributions of this study will help in better understanding the state of the research on internal audit effectiveness, including the influential factors, and gaps and opportunities for future research.

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Section: Introductionmentioning

confidence: 99%

Internal audit effectiveness: operationalization and influencing factors

Türetken

Jethefer

Özkan

2019

MAJ

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“…IA performance is typically evaluated by making comparison between actual performance and the predefined objectives by taking into consideration on the measurement of accomplished efficiency and effectiveness (Beckmerhagen et al, 2004;Shu et al, 2010). Turetken (2019), quoted Arena and Azzone (2009), defined the term effectiveness as an ability to attain results which are constant with the targeted objective.…”

Section: Introductionmentioning

confidence: 99%

Internal Audit's Impact on Malaysian Banking: Conceptual Framework with Management Support as a Moderator

A/P Venugopal,

Mohamed Saat,

Nik Mohamed

2024

IJARBSS

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There have been continuous studies conducted on Internal Audit Effectiveness (IAE) for many years. Referring to literature regarding the concept, it was observed the area of research on the influence of management support and internal audit characteristics (IAC) namely objectivity, independence, effective communication, and competencies on IAE context remained underexplored in developing countries. Whereas, management support is tested as a moderator due to its significance, particularly in internal auditing. In addition, most studies conducted in Malaysia on IAE mainly focusing on public sector and very limited studies conducted on private sector setting. To answer the consequence of research gaps, this conceptual paper proposes the effects of objectivity, independence, effective communication, and competencies through management support as a moderator to measure IAE in Malaysia. Hence, this research use Agency and Contingency Theory. The conceptual paper focused on private sector banking industry in Malaysia. The research philosophy that will be adopted is positivistic approach to test the formulated hypotheses empirically. This research is expected to use quantitative analysis approach and survey strategy whereby an established measurement tools adopted for each construct is adapted in the conceptual model. The questionnaire results will be analysed using SPSS software.

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“…Based on Beckmerhagen et al (2004) and Shu et al (2010), the IA performance evaluation is usually performed by comparing the actual performance with the goals, which includes the measuring of accomplished internal audit effectiveness (IAE). However, the term "effectiveness" is defined differently in some studies.…”

Section: Introductionmentioning

confidence: 99%

Spillover effects of internal audit effectiveness among commercial banks

Thanh,

Tien

2023

Int. j. adv. appl. sci.

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This study explores the multifaceted landscape of factors influencing the effectiveness of internal audit within the context of Vietnamese commercial banks. While a plethora of literature exists on the determinants of internal audit effectiveness, an unexplored dimension is the examination of spillover effects amongst companies operating within the same industry. This research addresses this gap by investigating not only the factors that impact the effectiveness of internal audit in Vietnamese commercial banks but also the inter-bank spillover effects of such effectiveness. Utilizing data obtained from 24 commercial banks listed on the Vietnam Stock Exchange and Vietnam Upcom (The Unlisted Public Company Market), we employ a Bayesian spatial regression model (a robust analytical tool) to conduct comprehensive analyses of the interrelationships and co-movements of internal audit effectiveness across these banks. Our findings offer empirical support for the positive effects of key determinants, namely, the "Competence of the IA Department," "IA Independence," and "Management Training Ground," on the effectiveness of internal audit in Vietnamese commercial banks. Notably, our results also validate the significant positive inter-bank spillover effect of internal audit effectiveness. This underscores the importance for banks to collectively prioritize measures aimed at enhancing the quality of internal audit, including the establishment of a joint internal audit association and the organization of collaborative training initiatives for internal audit personnel.

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Measurement and Analysis of Process Audit: A Case Study

Cited by 5 publications

References 5 publications

Internal audit effectiveness: operationalization and influencing factors

Internal audit effectiveness: operationalization and influencing factors

Internal Audit's Impact on Malaysian Banking: Conceptual Framework with Management Support as a Moderator

Spillover effects of internal audit effectiveness among commercial banks

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