eprintid: 353
rev_number: 14
eprint_status: archive
userid: 64
dir: disk0/00/00/03/53
datestamp: 2021-02-17 00:08:54
lastmod: 2021-02-21 13:43:59
status_changed: 2021-02-17 00:08:54
type: thesis
metadata_visibility: show
creators_name: Santos Reis, Marcos Vinicius
corp_creators: Suzanne Burdis
title: Does Internal Audit Create Value?
ispublished: submitted
subjects: H1
subjects: HM
divisions: MSCAF
full_text_status: public
keywords: Internal Audit, Internal Audit and Management Perception, Internal audit adding value and Internal audit challenges.
abstract: Over the last few decades various financial scandals have occurred involving large organisations such as Enron and World-Com in the early 2000s, until those scandals
academia had not realised its little knowledge about the internal audit function (IAF).
After the implementation of the Sarbanes-Oxley Act (SOX) (2002) in the United States and Bill 198 (2002) in Canada, the IAF quickly gained more visibility and many studies began to explore this new research avenue.
Past papers indicate that a strong, independent and competent internal audit could have avoided some scandals by detecting the fraud that was going on in these fraudulent companies.
Having this in mind, this research has tried to identify the main challenges faced by an internal audit department and evaluate the main values generated by the IAF. The main objective of this research was to explore the management perception of the internal audit department, to do that a case study with professionals in Brazil from different industries was conducted, the participants of this study were divided between internal auditors and
members of management. The study findings suggest that the management perception in relation to the IAF has
been changing positively over the years. In most companies analysed, the professionals point out a change in the management consideration of the internal audit suggestions and recommendation, and in some cases the internal audit department is consulted by manager
before they make strategic decision.
date: 2020-05-22
date_type: submitted
institution: Griffith College
department: Graduate Business School: MSc in Accounting and Finance Management
thesis_type: masters
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citation:   Santos Reis, Marcos Vinicius  (2020) Does Internal Audit Create Value?  Masters thesis, Griffith College.   
document_url: http://go.griffith.ie/353/1/Marcos%20Vinicius%20Santos%20Reis.pdf
document_url: http://go.griffith.ie/353/4/Marcos%20Vinicius%20Santos%20Reis.txt