Reliance on the internal auditors’ work: experiences of Swedish external auditors

Argento, Daniela; Umans, Timurs; Håkansson, Patricia; Johansson, Annika

doi:10.1007/s00187-018-00272-7

Cited by 15 publications

(8 citation statements)

References 60 publications

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“…In this part, we have clarified studies that discussed the relationship of the internal auditors with other parties. These studies have addressed the interrelation between the internal auditors and members of audit committees (Al-shaer and Zaman, 2018;Alzeban and Sawan, 2015;Davies, 2009;Quick and Henrizi, 2019;Zaman and Sarens, 2013) and the internal auditors and external auditors (Abbott et al, 2012;Argento et al, 2018;Morais and Franco 2019). It has been found that IA helps in saving audit costs in addition to enhancing and improving audit efficiency (Abbott et al, 2012).…”

Section: Internal Auditors and Other Partiesmentioning

confidence: 99%

Mapping the literature of internal auditing in Europe: a systematic review and agenda for future research

Hazaea

Zhu

Khatib

et al. 2022

MEDAR

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Purpose Although many firms are investing considerable resources in building and designing strong and effective internal auditing (IA) to improve corporate governance and internal control processes, IA literature is still relatively fragmented. Therefore, this paper aims to provide a systematic review of studies on IA in 27 European countries and the UK. Design/methodology/approach Based on the Scopus database, 142 papers published between 1987 and 2022 were analyzed. This study focused on evaluating and analyzing the characteristics of literature and the themes investigated with a focus on four key aspects: governance, the effectiveness of IA, the relationship between internal auditors and other parties and risk management to provide directions for future research. Findings This study found that IA literature did not provide the integrated knowledge of internal audit functions (IAFs) and the factors that could contribute to their implementation as required. The results showed that the UK, Greece and Italy dominate the published literature in terms of the number of studies. There are a few studies that investigate IA in private institutions and nonprofit organizations. Interestingly, a vast majority of studies are not based on theoretical grounds. The results also showed that there is an absence of studies that discuss the impact of cultural and political systems as well as the demographic characteristics of auditors on the implementation of IAFs. Originality/value This study is useful for researchers, organizations and regulators because it contributes to the literature by highlighting the intellectual development of IA in the European countries and the UK, providing several directions for future studies. To the best of the authors’ knowledge, this research is the first study to use a systematic review approach in evaluating the intellectual development of IA research in European countries, identifying areas and elements that received less attention in previous studies and providing a roadmap for future studies.

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Section: Internal Auditors and Other Partiesmentioning

confidence: 99%

Mapping the literature of internal auditing in Europe: a systematic review and agenda for future research

Hazaea

Zhu

Khatib

et al. 2022

MEDAR

View full text Add to dashboard Cite

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“… Purely qualitative studies are used by more papers (9) than purely quantitative (7). The mixed approach is used by 2 papers - [6], [19].  Papers using the empirical quantitative approach are the most (7) and the mixed one -the least (2).…”

Section: Reference Approach Dimensionmentioning

confidence: 99%

“… The first model is in [13] by Frey et al The model proposes input control to be applied when public service tasks are complex. [5], [7], [9], [10], [11], [12], [14], [19], [ [14], [15], [16], [18], [19] 4 R e f e r e n c e [ 5 ] [ 7 ] 1.4Non-financial awards [13], [15], [19], [21] 5 [ 6 ] [ 8 ] 1.5Organizational culture [16], [21], [22] 6 [ 9 ] [11] 1.6Political pressure [5], [12], [14] 6 [10] [12] 1.7Promotion/ career [13], [16], [17], [19] 5 [15] [13] 1.8Reporting / whistleblowing [7], [8], [9], [16], [19], [22] 3 [20] [14] 2Professional principles [22] [16] 2.1Discipline [10], [11], [15] [8], [13],…”

Section: On the Models For 'Motivation-internal Control'mentioning

confidence: 99%

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Understanding ‘Motivation - Internal Control’ Relations in Municipalities

Lambovska¹,

Yordanov²

2020

TEM Journal

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This paper provides an overview of the theoretical foundations on the topic of ‘motivationinternal control’ relations in municipalities, based on papers indexed by Web of Science and Scopus before May 2020. A systematic approach is taken in it. According to the results, the topic is underdeveloped. Also, researchers are more interested in the influence of internal control on motivation than vice versa. 20 motivational factors and 18 features of stakeholders’ potential were identified. Strongly cited factors are audit quality, effective internal control, compliance with standards, social and democratic accountability, and features - professional competence, objectivity, ethics, integrity, responsibility.

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“…Argento et al (2018) examined the reliance on the work of internal auditors (IAs) by external auditors. The study shows that the professionalism and independence of IAs might be questioned.Therefore, relying on the work of IAs may affect audit quality.…”

mentioning

confidence: 99%

An Assessment of Auditor’s Independence on the Quality of Financial Reporting: Evidence from Lagos State Parastatals

Okunola¹

2021

International Journal of Management, Economics and Social Sciences

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This study investigated the effect of auditor's independence on the financial reporting quality of Parastatals in Lagos State, Nigeria. A survey was conducted to gather data on auditor's independence and a content analysis procedure was adopted to extract secondary data from the audited financial statement of the parastatals. Data were analyzed using binary logistic regression. The findings show that when an auditor alienates his personal interest from audit and his ability to issue a qualified audit opinion where necessary, have a statistically significant effect on improving both the fundamental and enhanced qualitative characteristics of financial reporting (FQC and EQC). Hence, the more an auditor allows his personal interests to becloud his judgement, the lower both the FQC and EQC of financial reporting. The outcome of reliance on the work of the internal auditors and auditor's rotation gave an inconclusive result. Therefore, rotation of auditors and the reliance on the findings of internal auditors promote the relevance and how faithfully represented the financial reporting are, while the EQC has no effect on auditor's independence. The study recommended that parastatals must place a premium on promoting auditors' independence in order to minimize audit failure and the credibility attached to the financial reports.

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Reliance on the internal auditors’ work: experiences of Swedish external auditors

Cited by 15 publications

References 60 publications

Mapping the literature of internal auditing in Europe: a systematic review and agenda for future research

Mapping the literature of internal auditing in Europe: a systematic review and agenda for future research

Understanding ‘Motivation - Internal Control’ Relations in Municipalities

An Assessment of Auditor’s Independence on the Quality of Financial Reporting: Evidence from Lagos State Parastatals

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