Besides working with businesses and authorities such as the UAE Central Bank,
internal auditors around the globe also follow the standards set by the Institute of
Internal Auditors (IIA) - a guiding body for
internal auditors that supports the strategic and operational decision making of organisations.
While we found some articles describing how to implement automated testing strategies, we didn't find any research examining how useful or effective those systems are, especially for getting external auditors to rely more on
internal auditors.
The three-day event caters to more than a thousand
internal auditors from across the region to discuss business innovation in the field of internal auditing.
In such organizations,
internal auditors must gain insights from the nexus of internal and external environments and information flows, often across borders.
For example, in the basic audit of a performance bonus or commission structure in a sales channel,
internal auditors would ask who establishes the criteria for bonuses; whether compensation is tied to doing the right thing for the company; whether bonuses incentivize the appropriate behaviors; and whether messages about expectations are properly communicated.
Chambers is president and CEO of The Institute of
Internal Auditors (IIA), the global professional association for
internal auditors (www.
SAS 128 focuses on the external auditor's responsibilities when using the work of
internal auditors during independent financial statement audits.
Despite the impotence of
internal auditors satisfaction especially satisfaction with pay as an essential factors which may affect their performance as well as affect IA effectiveness, the impact of
internal auditors' pay satisfaction on the IA effectiveness have not been examined by prior studies.
Yet following corporate culture and corporate governance are important for
internal auditors.
Internal auditors plan to strengthen their knowledge of computer-assisted auditing tools along with continuous auditing and monitoring techniques.
Given to that
internal auditors considered the financial and non-financial issues and handle operations, the
internal auditor's performance may also help managers strengthen control of the company through consulting and assurance services to assist independent auditors in this area [7].
Internal auditors should be the guardians of our corporate life.
