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Role of Internal Audit in Corporate Governance and Management, The

This research report is based on a study undertaken in Australia, and aims to evaluate the role of internal audit in corporate governance and management. It identifies the accountability structures and objectives of internal audit, considers the nature of internal audit functions and the extent of application of The Institute of Internal Auditors Standards of Professional Practice, reviews the relationships of the chief audit executives (CAEs) and assesses the nature of financial report risks and other issues covered by internal auditors.

The research findings include a diversity of accountability structures for CAEs and a range of internal audit activities, with the application of the IIA Standards being in need of improvement.

In conclusion, the researchers make recommendations for improvements in practice to be considered by The Institute of Internal Auditors and other regulating and governing bodies.

Publication Details
Name of Publisher: RMIT Publishing
Place of Publication: Melbourne
Resource Type: Monograph
ISBN: 086459304X
EISBN: 0864592957
Publication Year: 2003
Subject Covered: Management & public relations; Accounting