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Essay / Research Paper Abstract
This 10 page paper considers different influences which will impact on the effectiveness of an internal audit in the public sector; factors discussed include the general accounting system in the public sector, internal controls, relationship with external audit, relationship with management and management support, regulations and standards, the qualifications and expertise of auditors, the way audit recommendations are implemented and the audit committee. The bibliography cites 14 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEinfIA1.rtf
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Unformatted sample text from the term paper:
5. Relationship with senior management 5 6. Management support 6 7. Regulation or standards 7 8. The qualification of internal auditor or staff expertise 8 9. The implementation of audit recommendations 9 9. Audit committee 10 10 Conclusion 11
References 11 1. Introduction Internal audits are becoming increasing the popular in the public sector as a way of increasing the level of accountability,
ensuring the performance and providing tools by which performance can be increased or enhanced. The goals and perceptions of internal this may vary between countries, a study of the way
internal audits are carried out can help to lead to conclusions regarding the characteristics practices which are most likely to lead to efficiency and impact positively on the internal auditing
practices. There are a number of influences which can influence the way that the internal accounting process takes place in the way the results are used, these include issues such
as the accounting system in the public sector, the internal controls the public sector, the relationships with the external audit, the relationship with management and their support, the regulation or
standards governing internal audit, the audit committee and the use of the results of the audits. To consider how each of these impact on effect of audits we can look
at each individually. 2. Accounting system in the public sector In any public-sector there will be an existing accounting system. The existing accounting system which is used for external audits
and general management would impact on the way the audit takes place. Bazaar and LaTorre, (1999; 24), note that where there is the alignment between the internal auditing system and
the general accounting system in every such as management control and risk management it is likely that the internal audit will be able to focus on specific areas rather than
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