[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/aud/audfin/v14y2016i138p642.html
   My bibliography  Save this article

Factors supporting an adequate sizing of internal audit departments in the public sector

Author

Listed:
  • Elena Doina DASCALU

    (Spiru Haret University of Bucharest, The Romanian Court of Accounts)

Abstract
This article addresses the issue of determining the appropriate size for the internal audit compartments in the public sector. Public internal control in Romania in undergoing a broad transformation: moving from a standardized management and control (usually through regulations) to an objectives-based management and to a dual control, based on self-management (managerial control), as well as on separate evaluations by independent bodies (public external audit and public internal audit). Within the article default factors are identified for sizing the audit structures: the risks of the organization and the expectations regarding the manner in which the activity can bring value, which is the basis for the allocation of resources. The dimensioning of the internal audit compartment is analysed in terms of seven critical factors, and a comparative analysis of the proposed models (determinants, strengths/weaknesses, applicability criteria) is presented. For the improvement of the internal audit in the public sector, the Model of the Internal Audit Capacity in the Public sector is proposed, advanced by The Institute of Internal Auditors, according to which the evolution of the internal audit activity is structured around a number of levels to be attained in succession. By identifying the factors considered critical for the sizing of the internal audit departments, which have no equivalent (counterpart) in the factors provided for in the current normative framework in Romania, the article contributes to the clarification of issues related to sizing models and procedures in the field.

Suggested Citation

  • Elena Doina DASCALU, 2016. "Factors supporting an adequate sizing of internal audit departments in the public sector," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 14(138), pages 642-642, June.
    • Handle: RePEc:aud:audfin:v:14:y:2016:i:138:p:642
    as

    Download full text from publisher

    File URL: http://revista.cafr.ro/temp/Article_9479.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hamza Mohammad Alqudah & Noor Afza Amran & Haslinda Hassan, 2019. "Extrinsic Factors Influencing Internal Auditors’ Effectiveness in Jordanian Public Sector," Review of European Studies, Canadian Center of Science and Education, vol. 11(2), pages 1-67, December.

    More about this item

    Keywords

    Internal audit; sizing of audit departments; critical factors in dimensioning; models for sizing the audit departments in the public sector;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aud:audfin:v:14:y:2016:i:138:p:642. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dumitru Valentin Florentin (email available below). General contact details of provider: http://revista.cafr.ro/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.