Internal audit function characteristics and external auditors' co‐sourcing in different institutional contexts

Autor:	Annukka Jokipii, Fabrizio Di Meo
Rok vydání:	2019
Předmět:	050208 finance business.industry media_common.quotation_subject 05 social sciences Context (language use) Accounting 050201 accounting Negative association Audit External auditor Body of knowledge Internal audit 0502 economics and business Business General Economics Econometrics and Finance Autonomy media_common
Zdroj:	International Journal of Auditing. 23:292-307
ISSN:	1099-1123 1090-6738
DOI:	10.1111/ijau.12162
Popis:	We examine the association between several characteristics of an internal audit function (IAF) and fees paid to external auditors to support internal audit activities (co-sourcing). We also analyze how this relation is influenced by the mandatory or voluntary implementation of IAFs. By using data from the Common Body of Knowledge (CBOK) study, which was conducted by the Institute of Internal Auditors Research Foundation (IIARF) in 2015, we find that more consulting-oriented IAFs and more autonomous IAFs are likely to pay higher co-sourcing fees, while IAFs with greater expertise are likely to pay lower co-sourcing fees. While results related to consulting activities hold regardless of the institutional context, the negative association between IAF expertise and co-sourcing fees paid to support internal audit activities only holds in mandatory IAF environments, and the positive association between IAF autonomy and co-sourcing fees paid only holds where IAF is voluntary.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::afeb1bf2f1c11e6604a73c87d573b23b https://doi.org/10.1111/ijau.12162 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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