The reliance of external auditors on internal auditors

Hasnah, Hasnah; Chambers, Andrew; Ramsi, Rozaldy; Ismail, Ishak

doi:10.1108/02686900410562795

Cited by 63 publications

(61 citation statements)

References 5 publications

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“…Internal audit's goals fundamentally are known to evaluate the company's risk management, internal control and corporate governance processes to be functioned correctly and adequately. Based on Haron et al (2004), he asserted that external auditors can rely on internal auditor's comments regarding on control systems and company's operations. This is because he reiterated that internal auditor's works have potential to reduce time consumption that needed to be spent on the audit tasks and shorten audit delays.…”

Section: Internal Audit Investmentmentioning

confidence: 99%

Determinants of Audit Report Lag and Corporate Governance in Malaysia

Apadore¹,

Noor²

2013

IJBM

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Inevitably, an accurate and timely financial statement contributes enormously to the success of many organizations. Therefore, accuracy and availability about financial information is vital for investors and shareholders in order to ease their decision making process. This paper aims to analyze the relation between the characteristics of corporate governance; board independence, ownership concentration, audit committee independence, expertise, meeting, size, internal audit investment and audit report lag among companies listed under Bursa Malaysia. The samples covered are among 180 companies listed at Bursa Malaysia for 2009 and 2010. The samples were chosen randomly from 843 companies, the population. Descriptive statistics have been used to provide better perception of the length of time needed by an auditor, to complete an audit. The results show that in average, the companies took about 100 days to complete their audit report with maximum and minimum days of 148 days and 26 days respectively. In addition, regression analysis was used to provide empirical evidence on which variables had strong bonding with audit report lag. The outcomes elicit that audit committee size, ownership concentration; organization size and profitability are significantly associated with audit report lag. However the other six variables (audit committee independence, meetings, expertise and types of auditors) were found to have insignificant relationship with audit report lag.

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Section: Internal Audit Investmentmentioning

confidence: 99%

Determinants of Audit Report Lag and Corporate Governance in Malaysia

Apadore¹,

Noor²

2013

IJBM

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“…A scale of importance was assigned to the items in the decision to trust or cooperate (1 = Not at all relevant, to 7 = Completely relevant). Twenty-one common items (see Table 6) were identified and analyzed, based on some studies already carried out (e.g., Al-Twaijry et al, 2004;Apostolou et al, 2007;Desai et al, 2010;Desai & Desai, 2009;Gramling et al, 2004;Gray & Hunton, 2011;Haron et al, 2004;Krishnamoorthy, 2002;Messier & Schneider, 1988;Mihret & Admassu, 2011), IIA-CBOK (2006, 2014, and on the standards of IFAC (ISA 610) and the IIA (ND 2050).…”

Section: Sample and Data Collectionmentioning

confidence: 99%

Deciding factors in cooperation and trust between internal and external auditors in organizations: An exploratory analysis

Morais

Franco

2019

Int J Auditing

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The general aim of this study is to assess the relationships between external and internal auditors concerning cooperation and trust as resources integrated in organizations' lines of defense, to favor solid, opportune, and transparent decision‐making in organs of governance. More precisely, the specific aims are: (1) to analyze the relationship between trust and cooperation; (2) to explore and analyze the categories of the mutually important factors for trust and cooperation; and (3) to analyze the differences between internal and external auditors. To achieve these goals, quantitative and exploratory research was undertaken, with data collection through surveys directed to the two auditor groups (internal and external) in Portugal. In order to analyze if there were relations between trust and cooperation, logistic regression was performed. Based on exploratory factor analysis of principal components, it was possible to extract three factors for cooperation and trust: (1) work performance, (2) coordination/collaboration, and (3) competence. A multiple linear regression was also used to check the differences between internal and external auditors for the three factors identified. From the two groups involved in this study, it was possible to gain each group's perception of the professional relationship concerning cooperation and trust as determinant variables in auditing. It was found that there is still a long way to go and that each group has slightly different perceptions. This study contributes to the scientific and professional community regarding the perception of cooperation and trust between these professionals.

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“…Eksterni revizori se često oslanjaju na druge profesionalce (stručnjake), prilikom revizije fi nansijskih izveštaja svojih klijenata (Haron et al, 2004). Eksterni revizori se uglavnom oslanjaju na rad funkcije interne revizije klijenta, prilikom obavljanja dužnosti eksterne revizije pošto su i jedni i drugi revizori zabrinuti za to da li postoje pravilne kontrole.…”

Section: Poređenje Internih I Eksternih Revizoraunclassified

“…Eksterni revizori se uglavnom oslanjaju na rad funkcije interne revizije klijenta, prilikom obavljanja dužnosti eksterne revizije pošto su i jedni i drugi revizori zabrinuti za to da li postoje pravilne kontrole. Haron et al (2004) navode da oslanjanje na rad internih revizora treba da omogući da se smanji broj časova koje je potrebno provesti u radu na reviziji, kako bi se omogućilo smanjenje naknade za usluge revizije.…”

Section: Poređenje Internih I Eksternih Revizoraunclassified

Različite Uloge I Odgovornosti Interne I Eksterne Revizije

Stanišić¹

2015

Proceedings of the 1st International Scientific Conference - FINIZ 2015

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Apstrakt:Rukovodstvo preduzeća ne pravi veliku razliku između uloga i odgovornosti interne i eksterne revizije, zbog čega često dolazi do poistovećivanja aktivnosti interne revizije sa eksternom revizijom. U takvim okolnostima interna revizija nije dovoljno efikasna i ne doprinosi ostvarivanju ciljeva organizacije, jer se često poistovećuje sa eksternom revizijom, iako su to dve različite profesije. Kako bi se rešio problem nedovoljne efikasnosti interne revizije u takvim organizacijama neophodno je krenuti od sagledavanja pojedinačnih ciljeva interne i eksterne revizije. Osnovna aktivnost obeju revizija jeste davanje uveravanja. Suštinska razlika je u onome o čemu se daju uveravanja, koja uveravanja daju i kome ih daju, kao i u kom vremenskom periodu. Dok eksterna revizija daje uveravanje o istinitosti i objektivnosti finansijskih izveštaja, interna revizija daje uveravanje o efektivnosti i efikasnosti upravljanja rizicima, internim kontrolama i procesima rukovođenja u odnosu na celokupno poslovanje organizacije, a ne samo u oblasti finansijskog izveštavanja. Dakle, neophodno je definisati zasebno predmet i ciljeve interne i eksterne revizije, kao i kako se uspostavljaju i nadziru njihove odgovornosti. UVODU proteklih deset godina u bankama, preduzećima, javnim institucijama Republike Srbije ustanovljava se funkcija interne revizije. Glavni problem mnogih funkcija jeste u tome što revizori nisu dovoljno razumeli zadatke interne revizije i zbog toga nisu adekvatno determinisali njen delokrug. Mnogi su svoje zadatke posvetili samo računovodstve-noj oblasti i fi nansijskim izveštajima, odnosno poistovetili su svoje zadatke sa zadacima eksterne revizije.Revizor je revizor...tačno? Pa, u stvari i nije tačno. Svakako, da bi dešifrovali šta je pogrešno kada se stvari ne odvijaju kako treba, svi revizori moraju da imaju oštro oko; moraju da prepoznaju mesta neefi kasnosti i neefektivnosti; moraju da poseduju hrabrost i uverenje da se suoče sa osetljivim pitanjima; moraju da obezbede model beskompromisnog integriteta i etike; i moraju da budu nepopustljivi (nemilosrdni) u svojoj posvećenosti (obavezi) da prodru do dubine (sušti-ne) stvari. Mada je sve ovo tačno, pravila koja se primenjuju, standardi koji se poštuju, i uloge koje se zahtevaju od internih, eksternih i državnih revizora su u stvari sasvim različiti.Opšta javnost bi lakše razumela ulogu revizora, ukoliko bi u njihovim poslovnim (vizit) kartama bio prikazan jednoobrazni (jedinstven) naziv umesto svih naziva koji uključu-ju naziv "revizor". Zbog sličnosti koje se uočavaju, u ovom istraživanju cilj je razjasniti pogrešna shvatanja.Što se tiče sledećeg pitanja koje se odnosi na Atmosferu na vrhu fokusiraćemo se na zamršenosti interne revizije, koja se uprkos zajedničkim karakteristikama i ciljevima u velikoj meri razlikuje od eksterne revizije. Međutim, u ovom radu nameravamo da prikažemo na koji način se interni i eksterni revizori razlikuju i da razjasnimo uobičajena pogrešna shvatanja (mišljenja) u pogledu njihovih uloga i odgovornosti. U ovom radu se neće ...

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The reliance of external auditors on internal auditors

Cited by 63 publications

References 5 publications

Determinants of Audit Report Lag and Corporate Governance in Malaysia

Determinants of Audit Report Lag and Corporate Governance in Malaysia

Deciding factors in cooperation and trust between internal and external auditors in organizations: An exploratory analysis

Različite Uloge I Odgovornosti Interne I Eksterne Revizije

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