Factors enhancing the internal auditing function's ability to add value to the auditees. Evidences from Italian companies.
(2016) , 17 pages
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- Authors
- Abstract
- This study examines the relationship between the internal auditing function (IAF) and the auditees with the attempt to identify the factors influencing the IAF's ability to add value to them. The analysis is based on the responses of 78 Italian Chief Audit Executives (CAEs) who took part in a survey carried out in 2014. The analysis of the survey's results indicates three factors which are positively and significantly associated with a transparent, collaborative, constructive and partnering relationship between the IAF and the auditees: 1) the integration of the inputs of senior management in the setting up of the audit plans; 2) the use of the IAF as a management training ground and 3) the regular revision of audit methodologies. Moreover the results of the regression analysis indicate that there is a negative and significant association between the diversification of the IAF's activities and the ability of the IAF to create a positive collaboration between the auditees.
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Citations
D’Onza, G., Sarens, G., & Betti, N. (2016). Factors enhancing the internal auditing function’s ability to add value to the auditees. Evidences from Italian companies. (Louvain School of Management Working Paper Series 2016/5). https://hdl.handle.net/2078.5/179026