The Nature of Internal Auditing

Doctoral thesis English OPEN
Radwan, R.A.A.M.
  • Subject: HG

This study addresses itself to aspects of the nature of internal auditing. Perhaps we can make this title still more meaningful by focusing on the key terms used. The nature oft - that is the es's~ntial qualities or the general characteristics of something, here it is an activity. 'Internal' - this term is intended to make clear that this is an activity carried on by an organisation itself using its own personnel. Thus, the activity is distinguished from that which is carried out by external public accountants or outside consultants. 'Auditing'this term suggests a variety of ideas. On the one hand, it can be viewed very narrowly as the mechanical checking of accounts for clerical accuracy and/or on the other hand as a thoughtful investigation and appraisal at the highest operational levels. Definitely this term is intended here to embrace the higher level meaning, even though the lower level activities may also be involved to a certain extent
  • References (5)

    5.3 Causal Limitations on Internal Audits of Management Levels • . • . • • • . . . . • • • . • . • . . . • . • . • 5.3.1 Limitation of Organistiona1 Status ..• 5.3.2 Limitation of the Size of the Organi s a tion • • • • . . • • • • • • . • • • • . • • • • • • • 5.3.3 Shortage of Audit Staff and Lack of Non-Accountant Specialists ...........

    7.3 Other Internal Auditing Services ........... 7.3.1 Effective Communication of Audit Resul ts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 .3.2 Training Services • . • • • . • • • • • . • • • • • • . • 7.3.3 Services in Connection with External Aud i t i ng . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    1 Phillips, W.G., "The Internal Auditor and the Changing Needs of Management", (The Internal Auditor, Vol.27, No.3 May/June 1970), pp. 49-56. (

    2 The Institute of Internal Auditors, (1947, revised 1957 and 1971) Statement of Responsibilities of the Internal Auditor, (New York: The I. I .A., Inc.). .'_

    4 The Institute of Internal Auditors (1), "Standards for the Professional Practice of Internal Auditing", (Florida, 1978), p.1. see also: Carolus, R.N. and Barrett, N.J. "The Development of the Standards for the Professional Practice of Internal Auditing", (The Internal Auditor, Vo1.34, No.6 December, 1977), p.17 .

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