Factors Influencing Recruitment of Non-Accounting Business Professionals into Internal Auditing

27 Pages Posted: 29 Jan 2016 Last revised: 7 Oct 2016

See all articles by Geoffrey D. Bartlett

Geoffrey D. Bartlett

Drake University

Joleen Kremin

Portland State University

K. Kelli Saunders

University of Nebraska at Lincoln - School of Accountancy

David A. Wood

Brigham Young University - School of Accountancy

Date Written: October 5, 2016

Abstract

This paper examines factors affecting non-accounting business professionals’ willingness to work in internal auditing. In a 2 x 6 experiment with 502 participants from across the country, we find that, in contrast to prior research examining accountants, business professionals have relatively favorable views of internal audit. Although they hold favorable views, participants were still less likely to apply for a position labeled as internal audit than an identical position with an alternate label. Varying the structure of internal audit, including job responsibilities, career path, and sourcing arrangement, did not affect participants’ willingness to apply for an internal audit position. We also find that high academically performing participants are less likely to apply to work in internal audit. Finally, based on an additional survey of 46 business students, we find that lower academically performing students would be more interested in internal audit if it paid more, but higher academically performing students would be more interested if internal audit performed more interesting work, was in a preferred company/field, or if they had more understanding of the profession.

Keywords: internal audit, hiring decisions, business professionals, stereotypes

JEL Classification: M4, M40, M41, M49, G3, M5, M51, M54

Suggested Citation

Bartlett, Geoffrey D. and Kremin, Joleen and Saunders, K. Kelli and Wood, David A., Factors Influencing Recruitment of Non-Accounting Business Professionals into Internal Auditing (October 5, 2016). Available at SSRN: https://ssrn.com/abstract=2724030 or http://dx.doi.org/10.2139/ssrn.2724030

Geoffrey D. Bartlett

Drake University ( email )

2507 University Ave.
Des Moines, IA 50311
United States
515-271-3813 (Phone)

Joleen Kremin

Portland State University ( email )

PO Box 751
Portland, OR 97207
United States
5037252278 (Phone)

HOME PAGE: http://https://www.pdx.edu/sba/joleen-kremin

K. Kelli Saunders

University of Nebraska at Lincoln - School of Accountancy ( email )

307 College of Business Administration
Lincoln, NE 68588-0488
United States

David A. Wood (Contact Author)

Brigham Young University - School of Accountancy ( email )

518 TNRB
Brigham Young University
Provo, UT 84602
United States
801-422-8642 (Phone)
801-422-0621 (Fax)

HOME PAGE: http://marriottschool.byu.edu/employee/employee.cfm?emp=daw44

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