Essays on Spira

Impacts of Outsourcing Internal Audit Fuction Author NameInstitution Name

Abstract This research finds out the effects outsourcing internal audit and extent of external auditors’ dependence on the work done by the internal audit team. We explore if outsourcing the internal audit function affects reliability on internal audit job already done and the use of assistant’s position for internal audit. We determine if internal audit outsourcing, the role of internal audit in systems consulting, affects external auditors’ dependence on internal audit. Results show that involvement in consultancy activities relating to the financial reporting system affects the extent of reliance on the work of the internal audit. When internal ...

Introduction.

In simple terms, corporate governance accrues to the technique by which companies are managed and directed. It implies carrying out business as per the interests of customers and stakeholders. Corporate governance is carried out by the board of governors and all concerned committees for the benefits of the stakeholders. It involves creating a balance between individual and community goals as well as social and economic objectives (Steger and Amann, 2008). Corporate governance ensures success and growth. It maintains confidence from investors’ whereby more capital is attained for the growth of a business (Kalbers, Fogarty and Timothy, 1998). Proper governance ensures business ...