Usage of Internal Auditing Standards by companies in the United States and select European countries

Burnaby, Priscilla; Abdolmohammadi, Mohammad; Hass, Susan; Sarens, Gerrit; Allegrini, Marco

doi:10.1108/02686900910994791

Cited by 22 publications

(23 citation statements)

References 7 publications

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“…They believe that variations in the results of some previous studies related to the practice of internal audit can only be explained by the differences in contextual factors arising from the environments in which they were conducted and they encourage research on the internal audit effectiveness in different corporate governance contexts in order to promote the importance of the profession in contemporary organisational settings. The results of research conducted by Burnaby, Abdolmohammadi, Hass, Sarens, and Allegrini (2009) support that view, according to which there is a difference in the application of Standards between countries in Europe and the US, and the research of Sarens and Abdolmohammadi (2011) showed that the cultural differences between the countries are associated with the level of compliance and implementation of Standards.…”

Section: Measurement Of Internal Audit Effectivenesssupporting

confidence: 50%

“…Sarens (2009, p. 3) refers to the importance of research regarding the internal audit effectiveness and its impact on corporate governance, stressing that one can consider the internal audit to be effective only when its activity has a positive impact on the quality of corporate governance. His conclusion is based on considerations of Gramling, Maletta, Schneider, and Church (2004, p. 194-196), who considered internal audit as one of the 'corporate governance cornerstones' .…”

Section: Introductionmentioning

confidence: 99%

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The importance of the supportive control environment for internal audit effectiveness – the case of Croatian companies

Barišić

Tušek

2016

Economic Research-Ekonomska Istraživanja

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The paper investigates whether a supportive control environment is associated with the internal audit effectiveness and what characteristics of a control environment are important in this respect. A survey was conducted via a questionnaire on 54 mostly large companies in Croatia. Appropriate methods of statistical analysis were used in order to analyse the survey results. According to the research results, in the case of a supportive control environment there is a greater chance that the internal audit will be effective and that its recommendations will be taken into account to a greater extent. In addition, the survey results showed a statistically significant correlation between perceived internal audit effectiveness and a higher level of supportive control environment.

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Section: Measurement Of Internal Audit Effectivenesssupporting

confidence: 50%

Section: Introductionmentioning

confidence: 99%

The importance of the supportive control environment for internal audit effectiveness – the case of Croatian companies

Barišić

Tušek

2016

Economic Research-Ekonomska Istraživanja

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“…The view in these circumstances is that complementary and substitution effects are possible between the committee and the IAF (Barua et al, 2010). Other research has discussed internal audit conformance with the ISPPIA (Sarens and Abdolmohammadi, 2011a;Abdolmohammadi, 2009;Marais et al, 2009). For instance, found that the size of The current issue and full text archive of this journal is available on Emerald Insight at: www.emeraldinsight.com/0268-6902.htm Influence of audit committees the IAF affects the usage of the ISPPIA in the USA and Italy.…”

Section: Introductionmentioning

confidence: 99%

“…Certainly, internal audit conformance with the ISPPIA is discussed in several studies (Sarens and Abdolmohammadi, 2011a;Abdolmohammadi, 2009;Leung and Cooper, 2009;Marais et al, 2009). For example, Abdolmohammadi (2009), researching in Anglo-Saxon countries, found that 13.5 per cent of chief audit executives (CAEs) did not use these standards, and that many who used them showed poor conformance with particular directives.…”

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confidence: 99%

Influence of audit committees on internal audit conformance with internal audit standards

Alzeban

2015

Managerial Auditing Journal

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Purpose -This study aims to provide empirical evidence of the association between audit committee characteristics and internal audit conformance with the International Standards for the Professional Practice of Internal Auditing (ISPPIA). Design/methodology/approach -Seventy-four usable responses were received from a survey of chief internal auditors (CIAs) from Saudi companies listed on the Saudi Stock Exchange. Findings -The results indicate that audit committee characteristics (the presence of independent members on the committee, members' expertise in auditing and accounting and meeting with the CIA) influence internal audit conformance with the ISPPIA. Additionally, they demonstrate that such conformance is also influenced by CIA tenure. Practical implications -The findings of this study also have significant implications for audit committees wishing to improve their overall effectiveness, by identifying the impact of the committee's characteristics on internal audit conformance with the ISPPIA. Originality/value -The results add to the literature on internal audit standards by introducing a Middle Eastern perspective and simultaneously providing insights for companies in their attempts to adhere to the international standards, hence, supporting efforts towards good corporate governance.

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“…This study is important because very little work has been reported in the literature to investigate the level of use of Standards and compliance with them. Burnaby et al (2008) provide data on the usage of Standards in the United States and a select group of countries in Europe (Belgium, Italy, Netherlands, and the UK/Ireland). Their descriptive study identifies significant minorities of internal auditors who do not use or comply with Standards .…”

Section: Introductionmentioning

confidence: 99%

Factors Associated with the Use of and Compliance with the IIA Standards: A Study of Anglo‐culture CAEs

Abdolmohammadi

2009

Int J Auditing

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Chief audit executives (CAEs) are required to use and comply with The International Standards for the Professional Practice of Internal Auditing (Standards). However, this study finds that 13.5 percent of CAEs in Anglo-culture countries do not use the Standards. Furthermore, of those who use the Standards a significant number fail to comply with specific standards. Multivariate tests of data from CAEs in this study show that 'Length of IIA membership' and 'Internal auditing certification' are positively associated with use. Other significant variables are 'Superseded by local/government regulations or standards,' 'Not perceived as value added by management/board' and 'Compliance not expected in the country' that are inversely related to use. The length of training is also positively associated with compliance, while other significant variables are internal audit certification, 'Standards are too costly,' 'Not perceived as value added by management/ board' and 'Inadequate internal audit staff' that are negatively associated with compliance. The paper ends with a discussion of the implications of these results for practice and research.

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Usage of Internal Auditing Standards by companies in the United States and select European countries

Abstract: Purpose -The purpose of this paper is to investigate differences in the degree of usage and

Cited by 22 publications

References 7 publications

The importance of the supportive control environment for internal audit effectiveness – the case of Croatian companies

The importance of the supportive control environment for internal audit effectiveness – the case of Croatian companies

Influence of audit committees on internal audit conformance with internal audit standards

Factors Associated with the Use of and Compliance with the IIA Standards: A Study of Anglo‐culture CAEs

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