Mapping the Literature of Internal Auditing in Europe: A Systematic Review and Agenda for Future Research

Meditari Accountancy Research, Forthcoming

48 Pages Posted: 15 Oct 2022

See all articles by S. A. Hazaea

S. A. Hazaea

Yunnan University of Finance and Economics; Al jazeera univerisity

Jinyu Zhu

Yunnan University of Finance and Economics

Ahmed A. Elamer

Brunel University London - Brunel Business School; Department of Accounting, Faculty of Commerce, Mansoura University

Saleh F. A. Khatib

Universiti Teknologi Malaysia

Date Written: September 29, 2022

Abstract

Purpose: Despite many firms are investing considerable resources in building and designing strong and effective internal auditing (IA) to improve corporate governance and internal control processes, IA literature is still relatively fragmented. This article provides a systematic review of studies on IA in twenty-seven (27) European countries and the United Kingdom (UK).

Design/methodology/approach: Based on the Scopus database, 142 papers published between 1987 and 2022 were analysed. The study focused on evaluating and analysing the characteristics of literature and the themes investigated with a focus on four key aspects: governance, the effectiveness of IA, the relationship between internal auditors and other parties, and risk management to provide directions for future research.

Findings: The study found that IA literature did not provide the integrated knowledge of internal audit functions (IAFs) and the factors that could contribute to their implementation as required. The results showed that UK, Greece and Italy dominate the published literature in terms of the number of studies. There are a few studies that investigate IA in private institutions and non-profit organisations. Interestingly, a vast majority of studies are not based on the theoretical ground. The results also showed that there is an absence of studies that discuss the impact of cultural and political systems as well as the demographic characteristics of auditors on the implementation of IAFs.

Originality/value: This study is useful for researchers, organisations, and regulators as it contributes to the literature by highlighting the intellectual development of IA in the European counties and the UK and providing several directions for future studies. To the best of our knowledge, this research is the first study to use a systematic review approach in evaluating the intellectual development of IA research in the European countries, identifying areas and elements that received less attention in previous studies and providing a roadmap for future studies.

Keywords: Internal auditing, Internal audit quality, Risk management, Corporate governance, External auditors, Audit committee, European Union, The UK

Suggested Citation

Hazaea, Saddam A and Zhu, Jinyu and Elamer, Ahmed Ahmed and Khatib, Saleh F. A., Mapping the Literature of Internal Auditing in Europe: A Systematic Review and Agenda for Future Research (September 29, 2022). Meditari Accountancy Research, Forthcoming , Available at SSRN: https://ssrn.com/abstract=4235235

Saddam A Hazaea

Yunnan University of Finance and Economics ( email )

Longquan Road 237, Wuhua District
Kunming, Yunnan 650221
China

Al jazeera univerisity ( email )

Yemen
Ibb, Ibb
Yemen

Jinyu Zhu

Yunnan University of Finance and Economics ( email )

Longquan Road 237, Wuhua District
Kunming, Yunnan 650221
China

Ahmed Ahmed Elamer (Contact Author)

Brunel University London - Brunel Business School ( email )

Kingston Lane
Eastern Gateway Building
Uxbridge, Middlesex UB8 3PH
United Kingdom

Department of Accounting, Faculty of Commerce, Mansoura University ( email )

Faculty of Commerce, Mansoura University
Elgomhouria St.
Mansoura, Mansoura 35516
Egypt

Saleh F. A. Khatib

Universiti Teknologi Malaysia ( email )

Azman Hashim International Business School
Block T08, Universiti Teknologi Malaysia
Skudai, Johor 81310
Malaysia
81310 (Fax)

HOME PAGE: http://https://business.utm.my/

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