Making a Difference through Internal Audit Leadership and Enterprise Risk Management
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 2
Abstract
The classical view of the internal audit practices has to be rejuvenated. It is not about only to perform the traditional audit, but in addition, it has a broader view and a farer role in making a difference to organizations’ strategic objectives. Moreover, it is differentiated than what everyone knows about external auditors (CPA’s) who perform financial and accounting audit, despite their indispensable important roles in monitoring towards compliance, efficiency and effectiveness. The internal auditing is an independent, objective assurance and a consulting activity designed to add value and improve an organization’s operations. Internal audit has many types such as compliance audit, operational audit, financial audit, information system audit, economy and efficiency audit, environmental audit and so forth. The manner is like the case of the evolution and the transformation from the classical view of the human resource management to the new perspective of the important role of human resource professionals as strategic partners, the internal audit has to be transformed into a strategic advisor and demonstrating its leadership and expanded vision thoroughly within the enterprise risk management, corporate governance and internal control. Accordingly, the research will delve into evidences and analytical facts and theories that should deliver a better understanding and add changes to stakeholders’ expectations.
Authors and Affiliations
Hussein Nabulsi Ph. D, Hani M. Haidoura Ph. D
Keywords
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- EP ID EP414559
- DOI 10.9790/5933-0902015260.
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