What Is the Value of Internal Auditing? – A Literature Review on Qualitative and Quantitative Perspectives

Maandblad Voor Accountancy en Bedrijfseconomie, Vol. 94 (3/4) (2020), p. 83-92

10 Pages Posted: 19 May 2020

See all articles by Anna Katharina Eulerich

Anna Katharina Eulerich

University of Duisburg-Essen

Marc Eulerich

University of Duisburg-Essen, Mercator School of Management

Date Written: April 22, 2020

Abstract

In recent years, research on internal audit has developed significantly. Numerous papers have discussed the importance of internal auditing (IA) as a central pillar of the corporate governance system. Through its activities, IA supports the Audit Committee and the CEO/C-Level. As an independent, objective assurance and advisory function, it is designed to add value through the audit of the internal control system, risk management and the governance processes. Interestingly, research on internal audit unfortunately rarely corresponds to these added value concept defined in the core responsibilities. Therefore, this literature review attempts to highlight the possible perspectives of the added value discussion and to help define future research avenues.

Keywords: Internal auditing, internal audit function, value, literature review

JEL Classification: M40,

Suggested Citation

Eulerich, Anna Katharina and Eulerich, Marc, What Is the Value of Internal Auditing? – A Literature Review on Qualitative and Quantitative Perspectives (April 22, 2020). Maandblad Voor Accountancy en Bedrijfseconomie, Vol. 94 (3/4) (2020), p. 83-92, Available at SSRN: https://ssrn.com/abstract=3582579

Anna Katharina Eulerich

University of Duisburg-Essen

Lotharstrasse 65
Duisburg, 47057
Germany

Marc Eulerich (Contact Author)

University of Duisburg-Essen, Mercator School of Management ( email )

Lotharstrasse 65
Duisburg, 47057
Germany
00492033792600 (Phone)

HOME PAGE: http://www.msm.uni-due.de/ircg

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