This article will explain why training is so important to the success of internal audit. Several new initiatives will be outlined covering the IIA’s new internal audit competencies, the NVQ scheme, learning and the so called “expert”, along with a newly developed three circles model. The...

The new definition of internal auditing defines the function as an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. The purpose of this paper is to summarize an assessment of this new definition obtained through structured...

The organisational framework for the development of auditing in China evolved from government audit, internal audit and public audit institutions and subsequently provided the focus for services offered by the certified public accounting firms. By the mid 1990s, China’s independent auditing...

A domain independent perspective compares international competency studies from The Big 8 White Paper in 1989 to recent studies by the Institute of Management Accountants, Institute of Internal Auditors, International Federation of Accountants, and the American Institute of Certified Public...

Purpose – The purpose of this study is to investigate the impact of the presence of a code of ethics on the quality of auditors' judgments, within the context of the new International Standard on Quality Controls 1 (ISQC1). Design/methodology/approach – A sample of 112 professional...

Current emphasis in enhancing the role of internal auditors and broadening knowledge and skills of future internal auditors have given increased impetus for the requirement of 150‐hour accounting education for future Certified Internal Auditors (CIAs). Examines why internal auditors,...

Within most organizations, accounting has traditionally been a stand‐alone discipline with little effort to integrate accountants into the strategic aspects of management. Other functional areas within a firm often view accountants as producers of dated and irrelevant information. The...

Examines the nature of professional competence, using the field of Internal Audit as an exemplar. Attempts to describe the professionalization process and thus the context in which the concept is normally encountered. Reviews the nature and influence of pressures for change currently affecting...