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2013 | 21 | 4(123) | 55-68
Article title

The Professionalization of Internal Auditing

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
Purpose: This paper attempts to examine the meaning of professionalization, the conditions required for professionalization and whether internal auditing can be recognized as a profession. The paper makes use of study results in the fi eld of internal auditing conducted in Europe and the USA, as well as Andrew Abbott’s theory on the system of professions. Professions have common characteristics which differentiate them from other occupations. These characteristics were used to determine the criteria for evaluating the professionalism of internal auditing. The conducted analysis indicates that presently internal auditing cannot be regarded as an independent profession. Methodology: Study results (quantitative and qualitative) in the fi eld of internal auditing were used in the analysis. Findings: The conducted analysis indicates that presently internal auditing cannot be regarded as an independent profession. Research limitations: Only a selection of research studies conducted in the USA and a few European countries were used, which limits the cognitive value of the analysis. Originality: The paper presents an overview of conducted research studies and gives an evaluation of the current state of professionalization of internal auditing.
Year
Volume
21
Issue
Pages
55-68
Physical description
Contributors
References
  • Abbott, A. (1988). The system of professions. An Essay on The Division of Expert Labor. Chicago: University of Chicago Press.
  • Abbott, L.J., Parker, S. and Peters, G.F. (2010). Serving Two Masters: The Association between Audit Committee Internal Audit Oversight and Internal Audit Activities. Accounting Horizons, 24(1).
  • Alkafaji, Y., Hussain, S., Khallaf, A. and Majdalawieh, M.A. (2010). Characteristics of an Internal Audit Activity. The IIA Global Internal Audit Survey.
  • Arena, M., Arnaboldi, M. and Azzone, G. (2006). Internal Audit in Italian organizations. Managerial Auditing Journal, 21(3).
  • Arena, M. and Jeppesen, K.K. (2010). The Jurisdiction of Internal Auditing and the Quest for Professionalization: The Danish Case. International Journal of Auditing, 14.
  • Dictionary of English Language and Culture (1992). Longman.
  • Fogarty, T.J. and Kalbers, L.P. (2000) An empirical evaluation of the interpersonal and organizational correlates of professionalism in internal auditing. Accounting and Business Research, 30(2).
  • Gołębiowski, G. (2010). Outsourcing audytu wewnętrznego. Współczesna Ekonomia, 2.
  • Hatch, M.J. (2006). Organization Theory. Oxford: Oxford University Press.
  • Moeller, R. (2011). Nowoczesny audyt wewnętrzny. Warszawa: Wolters Kluwer Polska.
  • Nagy, A.L. and Cenker, W.J. (2002). An assessment of the newly defined internal audit function. Managerial Auditing Journal, 17/3.
  • Reynolds, M.A. (2000). Professionalism, Ethical Codes and the Internal Auditor: A Moral Argument. Journal of Business Ethics, 24.
  • Regulation of the Minister of Labor and Social Policy of 27 April 2010 concerning the classification of professions and specialties for labor market needs and scope of application – Journal of Laws No. 82 of 17 May 2010, item 537
  • Słownik języka polskiego. Dostępny na: https://www.sjp.pwn.pl (01.02.2013).
  • Spira L.F. and Page, M., (2003) Risk management. The reinvention of internal control and the changing role of internal audit. Accounting, Auditing & Accountability Journal, 16(4).
  • Sarbanes-Oxley Act of 2002 enacted by the Senate and House of Representatives of the United States of America on 30.07.2002.
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-49d24a81-2d9f-4e98-a73d-d3c4fd7b0030
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