publication . Preprint . 2006

Internal audit: the expert in providing comfort to the audit committee. The case of risk management and internal control

G. SARENS; I. DE BEELDE;
Open Access
  • Published: 01 Dec 2006
Abstract
This study investigates to what extent audit committees feel uncomfortable about risk management and internal control, and focuses on how internal audit can be the expert in providing comfort in these areas, building upon the sociology of professions literature. Four case studies reveal that audit committees need comfort with respect to the control environment. Thanks to their internal position, their familiarity with the company, and their position close to people across the company, internal audit seems to be the most suitable one to provide comfort and be the ‘guard of the corporate culture’. Furthermore, audit committees need comfort regarding the internal c...
Subjects
Medical Subject Headings: educationhealth services administrationhealth care economics and organizationshealth care facilities, manpower, and services
free text keywords: internal audit, audit committee, risk management, internal control, comfort, expert, sociology of professions, case studies
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