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Internal Audit - Science topic
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Questions related to Internal Audit
In their joint fight against tax avoidance and tax evasion international governance developed different tools. One of these tools is the joint audit. The term “joint audit is used to express that two or more countries join together to form a single audit team to examine an issue(s)/transaction(s) of one or more related taxable persons with cross-border business activities.
Taking into account that countries like Australia, the UK, Canada and the US are effectively engaging in joint tax audits, I would like to look into statistical evidence obtained in these countries (e.g. the time length, outcome achieved, resources employed between an internal audit and a joint audit).
Hi All,
Please share any idea about the possible use case for implementing machine learning in identifying risk identification and fraud detection which may occur at branch level in a bank. Further there is a window dressing concept in banking sector which might be a good kick-off to work on.
If this is the case so please guide me how to create a sample dataset to work on or give me suggestion which ML algorithm is suitable for identifying requirement for Internal Audit.
Many thanks & kind regards,
Dr. Raza.
Dear professors and researchers, I am looking for a suitable title for my thesis. I searched a lot but couldn't find a new topic. I am researching in the field of internal audit and external audit. Thanks for your cooperation
Which is best for fraud control? Internal audit vs External audit, Pre-audit vs Post-audit, Performance audit vs Financial audit?
Some internal audit reports concluded that, most of the repeated audit findings were due to silly mistakes, careless attitude and incompetencies. Hence, given the guidelines, SOPs and ample training, the repeated mistakes still exist in a firm. Why this situation happens? What are the causes of staff making repeated mistakes in their daily routine job? How to overcome this situation other than proper training, punishment or taking other diciplinary action?
Dear community,
My master thesis will be related to Blockchain, more specifically to auditing this technology.
I am currently creating an IT audit program for Blockchain. This intends to be a general audit program for this technology, including as many areas as possible in order to have one main document that could be used for different audit purposes (e.g. auditing ITGC, governance audits, etc).
My initial and main contribution to start this project has been the ISACA audit program (https://www.isaca.org/bookstore/audit-control-and-security-essentials/wapbap). The idea would be to have a "2.0 version", including different tabs for other areas, mapping the processes with COBIT2019, adding a few more columns that could help for the testing process and the final result could be an "upgraded" version of the ISACA Blockchain audit program, ready to be used for auditing Blockchain.
What do you think? Any ideas/suggestions? Has anyone done something similar?
Regarding the testing of General IT Controls for Blockchain (p.e. a tool with this technology), anyone with expertise on this? I have read a very interesting article about this topic:
Sheldon, Mark. (2019). A Primer for Information Technology General Control Considerations on a Private and Permissioned Blockchain Audit. Current Issues in Auditing. 13. 10.2308/ciia-52356. Available at https://aaapubs.org/doi/pdf/10.2308/ciia-52356
Thank you in advance.
Best regards,
Carlos
I want to learn more about the role of Internal Audit during the value creation processes such as strategic thinking or formation and implementation
I want to research the impact of internal audit function on the work of external auditor, I will extend the research by showing the extent of the impact of internal auditors relating to some factors such as independence, integrity, and transparency on external auditors work.
I will collect the data by using survey and the sample from external auditor firms.
I am new at this, so I am trying to figure out which test I need to use to analyze my data and the reason behind choosing that test, also did am I correct in choosing only external auditors as sample?
thanks in advance
For example, the summary of research as below:-
1) Title: Factors of Internal Audit Effectiveness
2) DV: Internal Audit Effectiveness
3) IV: i) Risk management, ii) Effective internal control system, iii) Audit experience, iv) Cooperation between internal and external auditor, v) Performance measurement
I manage to state one Research Question and few Objectives (main and sub) as below:
Research Question: What are the factors of internal audit effectiveness?
Objectives:
Main objective
· To identify the factors of internal audit effectiveness
The sub-objectives
i) To ascertain the relationship between risk management and internal audit effectiveness.
ii) To examine the relationship between effective internal control system and internal audit effectiveness.
iii) To identify the relationship between audit experience and internal audit effectiveness.
iv) To identify the relationship between cooperation between internal and external auditor and internal audit effectiveness.
v) To investigate the relationship between performance measurement and internal audit effectiveness.
Is it the correct / appropriate way to state the Research Question and Objectives as above? Or should I state Sub-questions according to the sub-objectives as well?
Please comment. Thanks.
Hello!I am trying to measure the performance of Internal Audit in both private and public sector.
I am looking for new trends i.e. Agile auditing. Further, new methodology to analyze the competency level of an auditor along with methodologies to assess the audit risk.
Please share papers about internal audit effectiveness at public sector published the last five years.Thank you.
Recently, many of capital market authorities (e.g. New York Stock Exchange; Malaysian Securities Commission) require listed companies to establish internal audit function, as result of preceding corporate fraud (e.g. Enron). In practices, this function is performed either by company's employees or by external provider (other than the company's external auditor). Therefore, I will be grateful if you can state whether listed companies in your country (or other countries based in your knowledge) are required to have entirely in-house IAF or optional (entirely in-house, entirely out-sourced or co-sourced). Thank you.
Hi,
I Analyse the intercation between Audit committee, intarnal Audit and statutory Auditor in Audit process. Internal Audit is a function subordinated to the Management. Otherwise Audit committee and statutory Auditor doesn't have a direct acces to the work of the internal Audit.
Please could you tell me, how to improve the effectiveness of internal audit in the audit process for a better Corporate governance in Two-Tier and One-Tier Systeme?
The role of internal and external audit to prevent and detect financial statement fraud.
How can external and internal audit prevent and detect fraud in financial statement.
Hi! I want to analyse the interractions between audit committee, internal audit and external audit in the limited companies. The board of directors and the supervisory board are the internal Organs while the external Auditor is an external organ of limited companies. Please could you tell me if it is possible to consider also the internal audit as an internal organ?
Thanks!
Increasingly, higher percentages of employees are willing to share sensitive, confidential or regulated information
The question is related to determinants of internal audit function effectiveness in Tanzania
Balanced Scorecard on example of Tesla Motors is a subject for my Final paper.
Could anyone recommend a database where I can find a proper archival data about Internal Audit Functions in Australian listed companies?
Hello everyone,
I am considering a potential research project based on an archival data about Internal Audit Functions (IAF), Audit Committees (AC) and other corporate governance functions in Australian companies. I want to know the number of the defined population to decide the feasibility of regression analysis. Thus, I need some key statistics such as the number of listed companies that have an IAF and AC, their structures, and reporting mechanisms of IAF.
Is there a database or a particular way of collecting such information or the full data (other than a survey)?
I sincerely appreciate your help,
Hamed
The theory should be relevant to less developed countries in Africa especially in Tanzania environment where market forces are not much advanced and corporate governance is at infancy stage.
In our 2015 paper (Lenz & Hahn, http://www.emeraldinsight.com/toc/maj/30/1) about the empirical Internal Audit (IA) effectiveness literature we acknowledge the still fuzzy understanding of the determinants of IA effectiveness.
In that paper we suggest exploring – among other things:
- Are there reliable hard measures of IA effectiveness or is IA effectiveness ultimately all about soft factors?
- Can we find cases of IA effectiveness based on validated secondary indicators like fraud or financial performance? If so, are there recent cases providing evidence that more effective IA leads to less fraud and better financial performance?
If you’d be contacted by a PhD student who wants to build on prior research, and who is interested in examining / modelling the determinants / factors of IA effectiveness, what would you suggest the student to consider?Interested in your perspectives.
Dear all,
An increasing number of listed firms are using XBRL in the reporting process.Would this complicate the audit approaches and audit implications?
Also, in the auditees' perspectives, what is the costs-benefits of using XBRL? Please share your views, experiences and thoughts, thanks
Background:
Since 2004, the Securities and Exchange Commission (SEC) expects firms to use eXtensible Business Reporting Language (XBRL) to file their reports. This helps tag a firm’s financial information using a computer readable and searchable engine. Investors are demanding assurance on the tagging process but the Public Company Accounting Oversight Board (PCAOB) has yet to issue a guidance on attesting the engagements regarding XBRL financial information furnished under the SEC’s current voluntary filer program, which relies on the auditor agreeing a paper version of the XBRL-related documents to the information in the official EDGAR filing. This approach is deemed adequate for the current paper-oriented reporting paradigm but once the filing in XBRL becomes mandatory, this will affect the way financial and non-financial data are reported, used and attested. The current audit focus on reconciling only the XBRL output with the paper submissions may not completely address this paradigm shift and may add costs to the rising audit costs and delays of issuing audit opinions.
I want to assess effectiveness of internal audit function effectiveness in developing countries.
I am interested study on factors that contribute to failure of the HR internal audit policies to curb ghost workers in public sector organizations in developing countries.
Can any one please, link me with sources or research articles related to HR ( Human Resource ) internal Audit Control in curbing Payroll fraud in Public Sector.
Thank you
I am preparing my thesis on internal audit in Health Units of the Public Sector in Greece for my Master's Degree .Thanks in advance.
I am researching challenges with internal audits in context of agile software development within an ISO 9001:2008 TickIT certified organisation. I am interested in studies covering alternative non-intimating approaches or means to avoiding the philosophical conflict between a hierarchical approach (ISO 9000 auditing) and a collaborative methodology (Agile development)
Please can you share some research paper about the relation between tax audit and internal control in the firm
Short cases for training people in the field of Internal Auditing
I am going to study the effect of the auditors industry specialization on audit risk.
i am asking for standards that apply in charities for internal auditing since they are not as corporations.
I will appreciate articles that relates contingency theory to the effectiveness of internal auditing especially in the banking industry.
I wanna know if the continuous learning influence the internal audit effectiveness
Some important structural pillars of corporate governance are the board of directors, executive management, internal audit, external audit and the risk management functions.
Trust is a foundation of all human relationships. The need to focus actions and behaviours on embedding and sustaining trust is at the heart of organisational culture. Good governance will depend to some degree on the level of trust existing between the people in such structural functions. An objective of assurance functions like internal audit and risk management should be to enhance the trust within governance relationships.
What role / value does assurance play in maintaining and increasing such trust?
I am looking for initial pointers to research that has been undertaken on this topic.
Some studies provide evidence that the provision of non-audit services may harm the external auditors’ independence, consequently, SOX regulation in the U.S. limited the scope of such services.