Marc Eulerich

Marc Eulerich
University of Duisburg-Essen | uni-due · Mercator School of Management (MSM)

Diplom-Kaufmann, Dr. rer. nat.

About

200
Publications
32,983
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955
Citations
Citations since 2017
122 Research Items
872 Citations
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2017201820192020202120222023050100150200250
2017201820192020202120222023050100150200250
2017201820192020202120222023050100150200250
Introduction
We are covering multiple perspectives of internal audit research using a broad variety of methods and techniques. Current topics are: Value of Internal Auditing, Use of Technology in the Internal Audit Function, Process Mining/Continuous Auditing, Internationalization of Internal Auditing...
Additional affiliations
February 2011 - present
University of Duisburg-Essen
Position
  • Chair
Education
January 2006 - September 2009
Technische Universität Dortmund
Field of study
  • Strategic Planning of M&A
October 2001 - September 2005
Technische Universität Dortmund
Field of study
  • Business Administration and Social Science

Publications

Publications (200)
Article
As audit technology becomes more widespread, practice and academia are raising concerns about the costs and benefits of these technologies. We examine how internal auditors use technology‐based audit techniques (TBAT) and how TBATs impact the efficiency and effectiveness of their audits. We use two surveys and interviews of individual auditors and...
Article
Full-text available
Using survey data of 107 internal auditors, we provide empirical evidence about internal auditor’s role in environmental, social, and governance (ESG) disclosure and assurance. So far, academics and practitioners have not agreed on the responsibilities of internal auditing in ESG matters. Our regression results give evidence for organizations’ and...
Article
Mergers and acquisitions (M&A) remain a popular vehicle for organizational development to ensure future competitiveness. However, despite the extensive body of research in recent decades, significant gaps can be observed between the understanding of the phenomenon M&A in the literature and the importance of M&A activities in practice. Heterogeneous...
Article
With the growing relevance of internal auditing, academics and practitioners emphasize the importance of an adequate and adaptable staffing approach. Since internal audit resources are considered a crucial component of its quality, we investigate why internal auditors perform audits together with experts from within or outside the organization. The...
Article
The audit committee is a widely recognized mechanism of effective corporate governance. We advance prior literature reviews by using bibliometric analysis techniques that comprehensively process large bodies of bibliometric information. We base inferences on citation patterns of 1,173 articles to identify concepts that “shine through” within the sc...
Article
Full-text available
Research in predictive process monitoring exists mainly from the perspective of process and risk owners. Existing guidelines from the Institute of Internal Auditors (IIA) omit process mining or process predictions for internal audit. Attempting to bridge this gap, we implement a framework which redefines the role of internal audit using predictive...
Article
Full-text available
The internal audit function (IAF) has become one of the main pillars of good corporate governance. Empirical findings show that the size of the IAF varies considerably across companies. This study analyzes the relationships between selected company characteristics as determinants of intra-company information asymmetries and the size of the IAF as a...
Chapter
Dieses Kapitel thematisiert die Neue Institutionenökonomik und die Stewardship-Theorie als Grundlangen der Corporate Governance. Zunächst wird die neue Institutionenökonomik und ihr Kerngedanke vorgestellt. Daraufhin werden die Property-Rights-Theorie, die Transaktionskostentheorie und die Principal-Agent-Theorie dieser zugeordnet, zueinander in Be...
Chapter
In diesem Kapitel werden die rechtlichen Grundlagen der Corporate Governance mit einem besonderen Fokus auf das deutsche Rechtssystem vorgestellt und erläutert. Dazu werden zunächst, ausgehend vom Gesetz zur Kontrolle und Transparenz im Unternehmensbereich (KonTraG), die entscheidenden gesetzlichen Grundlagen ausführlich erläutert. Nachfolgend werd...
Chapter
Dieses Kapitel diskutiert unterschiedliche Vorschläge moderner Steuerungssysteme, die für eine gute Corporate Governance notwendig sind. Neben klassischen Methoden, wie der Informationsversorgung durch Reportinginstrumente, werden auch moderne Ansätze, wie eine integrierte Informationsversorgung anhand eines ineinandergreifenden Balanced Scorecard-...
Chapter
Dieses Kapitel fasst die Ergebnisse und Inhalte des vorliegenden Buches zusammen und gibt insbesondere einen Ausblick auf zukünftige Themen der Corporate Governance-Diskussion, die voraussichtlich in den nächsten Jahren Politik, Praxis und Wissenschaft beschäftigen werden. Dazu wird eine Bewertung des gegenwärtigen Standes der Corporate Governance-...
Chapter
Im Mittelpunkt dieses Kapitels steht der internationale Vergleich von Governance-Systemen. Obgleich der Fokus dieses Buches auf dem deutschen System liegt, wird in diesem Kapitel der Schwerpunkt auf die USA und die neuesten Entwicklungen in der EU gelegt, da beide Wirtschaftsräume für deutsche Unternehmen von besonderer Bedeutung sind. In diesem Ra...
Chapter
Dieses Kapitel beschäftigt sich mit der Frage, welche Merkmale die Führung im Corporate Governance-Sinne ausmachen und besonders wie der Aufsichtsrat seine strategische Überwachungsaufgabe wahrnehmen kann. Anstelle einer institutionellen Perspektive wird in diesem Kapitel eine Managementperspektive und damit eine eher gestaltungsorientierte Sichtwe...
Chapter
Dieses Kapitel ist den Akteuren der Corporate Governance gewidmet. Nach der Abgrenzung der beiden unterschiedlichen Governance-Systeme (monistisch vs. dualistisch) wird der Fokus auf das dualistische System gelegt. Die zentralen Akteure des dualistischen Systems, nämlichen Vorstand und Aufsichtsrat, sowie deren Aufgaben und Beziehungen untereinande...
Chapter
In diesem Kapitel wird die Diskussion um Board Dynamics ausführlich erörtert. Den Einstieg in das Thema bildet die Darstellung unterschiedlicher Untersuchungen, die zusammenfassend kein einheitliches Bild über die Erfolgswirkung von Corporate Governance zeigen. Es werden unterschiedliche Prozessmodelle beschrieben und ihre Unterschiede und Gemeinsa...
Article
Internal audit provides useful and valuable services to organizations and academic research has established its importance in improving corporate governance. However, the body of internal audit research is still relatively small. Indeed, there are many emerging, lesser-known topics and practitioners would like guidance. The primary focus of this pa...
Article
The ability to develop bots to automate tasks and processes using robotic process automation (RPA) is receiving significant attention in accounting. Auditors often struggle to know what tasks to automate and how to prioritize bot development. Drawing upon socio-technical systems theory and using a design science methodology, we develop and validate...
Preprint
Internal auditing is a core function in detecting and preventing fraudulent activities. However, the orientation and role of internal auditing in dealing with fraud varies considerably in different companies. Against this background, this study examines the connection between internal auditing and fraud and provides new insights into the as-is prac...
Preprint
The trend towards continuous auditing of business operations is growing. In economically demanding times, organizations aim to improve compliance with internal controls. Our study investigates whether continuous auditing and a (COVID19) crisis situation interact with the personality trait conscientiousness among auditees to influence compliance wit...
Preprint
Full-text available
The decision to realign a company through diversification is highly relevant not only for the board and corporate development functions but also for shareholders and other stakeholders. In research and practice, the diversification of risk and return is always considered against the background of effects on stock market valuation. In this context,...
Article
Full-text available
The efficient and effective organization and coordination of corporate governance activities is still one of the major challenges of modern corporate management. For many years, it was precisely the so-called three lines of defense model that was used to structure governance functions. However, as more and more open points of discussion regarding p...
Preprint
Full-text available
The efficient and effective organization and coordination of corporate governance activities is still one of the major challenges of modern corporate management. For many years, it was precisely the so-called Three Lines of Defense model that was used to structure governance functions. However, as more and more open points of discussion regarding p...
Article
Die Bundesregierung hatte am 16.12.2020 einen Gesetzentwurf für ein Finanzmarktintegritätsstärkungsgesetz (FISG) als Reaktion auf den Wirecard-Skandal veröffentlicht. Zur Stärkung der Qualität der Corporate Governance ist geplant, dass börsennotierte Aktiengesellschaften künftig ein angemessenes und wirksames Internes Kontrollsystem (IKS) und Risik...
Preprint
Full-text available
As in-person audits were banned by governments and company policies due to COVID-19, internal auditors had to transition to remote audits to perform their work. Based on survey responses of 271 German internal auditors who have conducted both remote and traditional audits, we find that internal auditors perceive no difference in the efficiency and...
Book
Das Lehrbuch erläutert umfassend alle betriebswirtschaftlichen Perspektiven und Fragestellungen guter Corporate Governance aus theoretischer und praktischer Sicht. Es beschreibt die Aufgaben der Akteure und gibt Handlungsempfehlungen zur operativen sowie strategischen Unternehmensführung und -überwachung durch Vorstand bzw. Aufsichtsrat. Der Fokus...
Article
Full-text available
Prior research finds that the internal audit function (IAF) plays a critical role in organizations, yet there is still a stigma toward the profession. We examine how this stigma affects internal audit outcomes, using three different data sources: survey results from parts of Europe (113 observations) and the United States (124 observations) for the...
Article
This study investigates the internationalization of internal audit functions by examining possible drivers of permanently employing internal auditors in foreign countries. As corporate scandals, the ongoing globalization, and increased environmental complexity necessitate new approaches to control, the internal audit function is faced with finding...
Article
This study analyzes the relationship between board-level codetermination and shareholder value against the backdrop of diversification strategies which allows us to investigate direct as well as indirect effects of codetermination. We use a unique dataset of listed German companies that enables us to precisely identify codetermination and overcome...
Article
Das Institute of Internal Auditors hat mit seiner neuen Veröffentlichung aus dem Jahr 2020 zum Three-Lines-Model das Grundkonzept der drei Verteidigungslinien grundlegend überarbeitet. Durch die neue Veröffentlichung lassen sich sowohl Gemeinsamkeiten, aber auch Unterschiede zum klassischen TLOD-Modell identifizieren, welche die Ausrichtung, Positi...
Article
Full-text available
The three lines of defense model (TLoD) aims to provide a simple and effective way to improve coordination and enhance communications on risk management and control by clarifying the essential roles and duties of different governance functions. Without effective coordination of these governance functions, work can be duplicated or key risks may be...
Preprint
This study examines the strategy-performance relationship within publicly traded German firms. Strategic management literature provides several strategic frameworks that offer guidance on promising strategies. However, due to major changes such as globalization and fundamental differences between the strategic frameworks, managers wonder whether st...
Article
Due to rapidly changing risks in companies, a continuous alignment of internal audit activities with the relevant risks is required. Continuous auditing (CA) is one possible way to meet these requirements. Specifically, the internal audit function (IAF) could use CA as a methodology in order to add a continuous perspective to their risk assessment....
Article
Interne Revisoren und ganze Revisionsfunktionen versuchen immer wieder eine grundlegende Frage zu beantworten: Was ist der Mehrwert der Internen Revision? Diese Frage ist sowohl für die Revisoren selbst als auch für den Berufsstand von besonderer Bedeutung. Auf der Mikroebene stellt diese Frage den Beitrag der einzelnen Prüfung unverblümt in Frage...
Article
Full-text available
Internal auditors and internal audit functions have been struggling — some more than others — to find convincing answers addressing one fundamental question: What is the added value of internal auditing in the specific organizational context? This question is of particular relevance to internal auditors and the internal audit profession. On a micro...
Article
Full-text available
Original version in English - translated version in Portuguese Sumário Executivo Os auditores internos e as funções de auditoria interna têm se esforçado — uns mais, outros menos — para encontrar respostas convincentes para uma pergunta fundamental: qual é o valor agregado da auditoria interna no contexto especíco organizacional? Esta pergunta é d...
Article
Full-text available
In recent years, research on internal audit has developed significantly. Numerous papers have discussed the importance of internal auditing (IA) as a central pillar of the corporate governance system. Through its activities, IA supports the Audit Committee and the CEO/C-Level. As an independent, objective assurance and advisory function, it is desi...
Article
We examine whether internal auditing provides value to organizations by reducing risk. We compare the changes in risks between audited business units and matched non-audited units within the same company. This design allows us to isolate the importance of an internal audit while holding constant changes in risk due to the organization and time peri...
Article
This study examines whether board-level codetermination (inclusion of employee representatives on the board) reduces aggressive financial reporting, i.e. tax aggressiveness and earnings management. Consistent with prior research, we expect employees to prefer lower tax aggressiveness and less earnings management. To the extent codetermination allow...
Article
Full-text available
We conduct an experiment with professional internal auditors and evaluate their performance and objectivity, measured as the extent to which they truthfully report the performance of other participants in a real‐effort task. In line with our hypotheses, we find that incentive‐based compensation increases dishonest behavior: competitive incentives l...
Article
The three lines of defense model (TLoD) aims to provide a simple and effective way to improve coordination and enhance communications on risk management and control by clarifying the essential roles and duties of different governance functions. Without effective coordination of these governance functions, work can be duplicated or key risks may be...
Preprint
The effective use of technology and advanced data analytics can be a competitive advantage for companies in today's operating environment. The use of technology based audit techniques has also become an important part of the internal audit function. Using a unique and proprietary dataset, our study focusses on the effects of technology based audit...
Article
Full-text available
This study analyzes the integration of the internal audit function (IAF) into the organizational governance structure of nine different organizations and identifies best practices and organizational differences to improve the overall governance quality from the perspective of IAFs. The results of this qualitative study are based on 26 semi-structur...
Article
Addressing the rise of internal auditing in the post-SOX era, this study examines the scientific transformation of the topic within current accounting research. In an attempt to shed light on the existing research themes and core works that have been shaping this topic, we combine co-citation and social network analysis to analyse citation patterns...
Article
The internal audit function (IAF) is an important component of high-quality corporate governance. We study how the head of internal audit perceives the executive management team and the audit committee to rely on the IAF's work. It is not obvious from prior work or professional anecdotes whether the IAF satisfies the needs of both groups. If multip...
Article
Full-text available
This paper examines the different factors which impact the compensation level of chief audit executives (CAE) and sheds light on often unobservable and, therefore, opaque drivers of CAE remuneration. An ordered logistic regression is used to analyze the effects of internal audit function (IAF) competences, stakeholder relationships, and firm comple...
Article
The objective of the present study on corporate governance research in German-speaking countries is to portray the networks in this field, identify the central sources and actors, and establish the relations between individual subdisciplines. The present paper therefore uses bibliometric and network analysis to investigate business research literat...
Article
Independence and objectivity are key principles assumed to underlie internal auditors' fraud‐risk judgments. However, a substantial body of evidence suggests that physical attractiveness of suspects may influence internal auditors' fraud‐risk judgments. In this experimental study we investigated whether internal auditors are susceptible to appearan...
Article
Full-text available
Cultural differences influence the behavior of companies, including management styles, relationships with employees, stake- and shareholders or social responsibility. Obviously, the concept of corporate governance encompassing the Internal Audit Function (IAF) is seen differently in different cultures. Therefore, conformance with the globally effec...
Article
SYNOPSIS This study examines how using the internal audit function as a management training ground (MTG) impacts managers' reliance on internal auditor recommendations. While prior research suggests that using internal audits as a MTG can adversely affect financial reporting quality, external audit fees, and internal audit efficiency, many internal...
Article
Full-text available
This study seeks to analyze if the national culture has an effect on different characteristics of the internal audit function (IAF). Using an international sample of companies from different industries together with the five cultural dimensions of Hofstede (2001) as proxies for national culture, this study analyzes how cultural differences across c...
Chapter
Die Formulierung der Unternehmungspolitik bzw. -philosophie wird allgemein als der erste Schritt im Prozess des Strategischen Managements angesehen1. Die Unternehmungspolitik wird in einem Leitbild schriftlich fixiert und fungiert als verbindliche Grundlage für die nachgelagerte Planung der Ziele und Strategien (vgl. Abb. 7.1). Sie stellt damit ein...
Chapter
Systematisiert man Strategiedefinitionen der Literatur, dann wird ersichtlich, dass kein einheitliches Verständnis über den Begriff der Strategie vorliegt. Jeder Autor legt offenbar unterschiedliche Vorstellungen über Inhalt und Reichweite des Strategiebegriffs zugrunde (vgl. zu Systematisierungen Welge und Al-Laham 1992a, S. 166 ff.). Betrachten w...
Chapter
In diesem Kapitel wird mit der Phase der Strategieformulierung der Kernbereich des Strategischen Managementprozesses ausführlich diskutiert. Bei der inhaltlichen Beschreibung des Strategiespektrums orientieren sich die Ausführungen in diesem Kapitel an einer Differenzierung des Strategiebezugs nach den organisatorischen Ebenen, nach der organisator...
Chapter
Wird abschließend die Frage nach dem theoretischen Entwicklungsstand oder nach einem zentralen Paradigma des Strategischen Managements gestellt, dann ist der Aussage von Klaus (1987, S. 50) nach wie vor zuzustimmen, dass die theoretische Identität dieses Konzeptes eher verschwommen ist, dass „there still is no central, organizing paradigm for the f...
Chapter
Nachdem die einzelnen Phasen des Strategischen Managements zur Entwicklung und Implementierung einer Strategie geführt haben, ist die Zielsetzung des letzten Kapitels, das Gesamtmodell um die Phase der strategischen Kontrolle zu erweitern. Diese versteht sich als zentrale Steuerungsfunktion, die sowohl durch Feedback- als auch durch Feedforward-Kon...
Chapter
Bei der Phase der strategischen Analyse und Prognose wird zwischen den Aufgabenbereichen der Umweltanalyse und der Unternehmungsanalyse unterschieden. Beide Analysefelder schaffen die informationellen Voraussetzungen für die Formulierung der Unternehmungsstrategie. Im Sinne des klassischen „SWOT-Ansatzes“ werden im Rahmen der Unternehmungsanalyse d...

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Projects

Projects (14)
Archived project
- Joint project with Prof. dr. Marc Eulerich, funded by The IIA Inc., U.S. - Paper forthcoming in 2020 #internalaudit, #addedvalue