The Relationship Between Internal Audit and Senior Management: A Qualitative Analysis of Expectations and Perceptions
Ghent University - Faculty of Economics and Business Administration, Department of Accounting and Corporate Finance
Ignace De Beelde
Ghent University-Universiteit Gent - Department of Accountancy and Corporate Finance
International Journal of Auditing, Vol. 10, No. 3, pp. 219-241, November 2006
This study, based upon Belgian case studies, provides a qualitative assessment of the relationship between internal audit and senior management, analysing the expectations and perceptions of both parties. We found that senior management's expectations have a significant influence on internal audit and that internal audit, generally, is able to meet most of these expectations. Senior management wants internal audit to compensate for the loss of control they experience resulting from increased organisational complexity. Senior management expects internal audit to fulfil a supporting role in the monitoring and improvement of risk management and internal control, and wants them to monitor the corporate culture. Furthermore, they expect internal audit to be a training ground for future managers. On the other hand, internal audit expects senior management to take the first steps in the formalisation of the risk management system. They are looking for senior management support, as this benefits their overall acceptance.
Number of Pages in PDF File: 23Accepted Paper Series
Date posted: March 26, 2007
© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo6 in 0.610 seconds