Research Article | | Peer-Reviewed

Analysis of the Contribution of Internal Auditing in Organizations

Published in Frontiers (Volume 3, Issue 4)
Received: 30 June 2023     Accepted: 7 October 2023     Published: 28 December 2023
Views:       Downloads:
Abstract

The business society, widely structured in a market economic perspective, demands that the audit function be increasingly mediating in the analysis of certain situations, such as the viability of the company, the reporting of frauds and illegal acts, the evaluation of the economy, efficiency, and effectiveness of organizations. The goal of this work is to evaluate how Internal Audit helps firms respond quickly and effectively to External Audit, particularly to the activity of the tax authorities. The research methodology employed in this study integrates three distinct types of investigation: exploratory, descriptive, and explanatory. This comprehensive approach involves a three-phase process, which includes an extensive literature review, data collection from the field through semi-structured interviews, and the subsequent analysis and synthesis of this information into a comprehensive report. It was concluded that the main objective of an audit work is to express an independent opinion about the reliability of the financial statements of a company, in view of the Fundamental Principles of Accounting, defined by legislation and accounting doctrine. The study's findings underscore the critical importance of ethics and social responsibility within the realm of auditing. As the prevailing societal ethos evolves, auditors must adapt to meet the growing demands for transparency, accountability, and ethical conduct. Navigating this dynamic landscape requires auditors to exercise a heightened level of diligence and ethical awareness, reinforcing their pivotal role as guardians of financial integrity and public trust. The absence of ethics that society goes through, as well as the auditor's social responsibility, are relevant points that demand special attention from these professionals.

Published in Frontiers (Volume 3, Issue 4)
DOI 10.11648/j.frontiers.20230304.11
Page(s) 46-52
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2023. Published by Science Publishing Group

Keywords

Internal Auditing, Efficiency and Effectiveness, Tax

References
[1] Araújo, I. da P. S., Arruda, D. G., & Barretto, P. H. T. (2008). Auditoria contábil: enfoque teórico, normativo e pratico. Saraiva.
[2] Attie, W. (1992). Internal Auditing. Atlas S. A.
[3] BARATA, A. S. (1999). Contabilidade, auditoria e ética nos negócios (2nd ed.). Editorial Notícias.
[4] COSTA, C. B. (2010). Auditoria Financeira: Teoria e Prática (Rei dos Livros (ed.); 9th ed.).
[5] Crepaldi, S. A. (2004). Auditoria contábil: teoria e prática (3rd ed.). Atlas S. A.
[6] CREPALDI, S. A. (2000). Auditoria Contábil: Teoria e Prática (2nd ed.). Atlas S. A.
[7] Dias, D. D. S., & Silva, M. F. (2009). Como Escrever Uma Monografia. In Relatórios Coppead.
[8] DuBrin, A. J. (2007). Leadership attitudes, behaviors, and styles. In Leadership: Research findings, practice, and skills (pp. 99-136). https://doi.org/10.1119/1.2342454
[9] Franco, H., & Marra, E. (2001). Origem e Evolução da Auditoria. In Auditoria Contábil. https://doi.org/10.1177/0192512113480054
[10] Gil, António Carlos. (2002). Como Elaborar Projetos de Pesquisa. Atlas.
[11] Gil, António Carlos. (2010). Como Elaborar Projetos de Pesquisa. Atlas.
[12] Gil, Antônio Carlos (1987). Como elaborar projetos de pesquisa. Atlas.
[13] Hames, G. (2004). THE IMPORTANCE OF INTERNAL AUDIT IN THE DECISION MAKING PROCESS OF ORGANIZATIONS: A LITERATURE REVIEW. UNIVERSIDADE FEDERAL DE SANTA CATARINA - UFSC.
[14] HOOG, W. A. Z., & CARLIN, E. L. B. (2009). Manual de Auditoria Contábil - Teoria e Prática (6th ed.). JURUA EDITORA.
[15] IIA. (2009). The role of internal auditing in enterprise-wide risk management. Institute of Internal Auditors (IIA). https://doi.org/10.1016/j.jenvman.2006.04.017
[16] Junior, D. G., Jenkins, L. E. C., Zanin, D. F., & Almeida, L. B. de. (2015). O papel da auditoria interna na melhoria da qualidade dos gastos públicos: um estudo exploratório nas IFES do Estado do Paraná. Congresso Brasileiro de Custos, 22 (1), 11-13.
[17] Lello, E. e Lello, J. (1993). O papel da Auditoria Interna nas Organizacoes. Livraria Lelo.
[18] Lizote, S. A., Verdinelli, M. A., & Perez, A. O. (2015). Importance and Benefits of Internal Auditing: an Analysis of the Perception of Brazilian and Venezuelan Auditees. Accounting Congress, 46 (17).
[19] Marçal, N., & Marques, F. L. (2011). Manual de Auditoria e Controlo Interno no Sector Público. Edições Sílabo.
[20] Marconi, M. A., & Lakatos, E. M. (2006). Fundamentos de metodologia científica (6th ed.). Atlas S. A.
[21] Marconi, M., & Lakatos, E. (2003). Fundamentos de metodologia científica. In Editora Atlas S. A.
[22] MARQUES, M. (1997). Auditoria e Gestão (1st ed.). Editora Presença.
[23] Martins, I., & Morais, G. (2007a). A Auditoria Interna - Função e Processo. Article.
[24] Martins, I., & Morais, G. (2007b). Auditoria Interna - Função e Processo (4th ed.). Áreas Editora.
[25] Miranda, A. R. M. (2013). O papel da auditoria interna e as suas implicações nas empresas públicas-case study: TACV. Portal Do Conhecimento, 1 (1).
[26] MORAIS, Georgina e MARTINS, I. (2003). Internal Auditing: Function and Process (2nd ed.). Áreas Editora.
[27] Neto, P. L. C. (1977). Formas de amostragem. In Statistics (1st ed.). Atlas S. A.
[28] PINHEIRO, J. L. (2010). Auditoria Interna- Auditoria Operacional: Manual Prático para Auditores Internos (2a ed). Rei dos livros.
[29] RSM. (2019). Internal Audit.
Cite This Article
  • APA Style

    Nhaca, Á. (2023). Analysis of the Contribution of Internal Auditing in Organizations. Frontiers, 3(4), 46-52. https://doi.org/10.11648/j.frontiers.20230304.11

    Copy | Download

    ACS Style

    Nhaca, Á. Analysis of the Contribution of Internal Auditing in Organizations. Frontiers. 2023, 3(4), 46-52. doi: 10.11648/j.frontiers.20230304.11

    Copy | Download

    AMA Style

    Nhaca Á. Analysis of the Contribution of Internal Auditing in Organizations. Frontiers. 2023;3(4):46-52. doi: 10.11648/j.frontiers.20230304.11

    Copy | Download

  • @article{10.11648/j.frontiers.20230304.11,
      author = {Áureo Nhaca},
      title = {Analysis of the Contribution of Internal Auditing in Organizations},
      journal = {Frontiers},
      volume = {3},
      number = {4},
      pages = {46-52},
      doi = {10.11648/j.frontiers.20230304.11},
      url = {https://doi.org/10.11648/j.frontiers.20230304.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.frontiers.20230304.11},
      abstract = {The business society, widely structured in a market economic perspective, demands that the audit function be increasingly mediating in the analysis of certain situations, such as the viability of the company, the reporting of frauds and illegal acts, the evaluation of the economy, efficiency, and effectiveness of organizations. The goal of this work is to evaluate how Internal Audit helps firms respond quickly and effectively to External Audit, particularly to the activity of the tax authorities. The research methodology employed in this study integrates three distinct types of investigation: exploratory, descriptive, and explanatory. This comprehensive approach involves a three-phase process, which includes an extensive literature review, data collection from the field through semi-structured interviews, and the subsequent analysis and synthesis of this information into a comprehensive report. It was concluded that the main objective of an audit work is to express an independent opinion about the reliability of the financial statements of a company, in view of the Fundamental Principles of Accounting, defined by legislation and accounting doctrine. The study's findings underscore the critical importance of ethics and social responsibility within the realm of auditing. As the prevailing societal ethos evolves, auditors must adapt to meet the growing demands for transparency, accountability, and ethical conduct. Navigating this dynamic landscape requires auditors to exercise a heightened level of diligence and ethical awareness, reinforcing their pivotal role as guardians of financial integrity and public trust. The absence of ethics that society goes through, as well as the auditor's social responsibility, are relevant points that demand special attention from these professionals.
    },
     year = {2023}
    }
    

    Copy | Download

  • TY  - JOUR
    T1  - Analysis of the Contribution of Internal Auditing in Organizations
    AU  - Áureo Nhaca
    Y1  - 2023/12/28
    PY  - 2023
    N1  - https://doi.org/10.11648/j.frontiers.20230304.11
    DO  - 10.11648/j.frontiers.20230304.11
    T2  - Frontiers
    JF  - Frontiers
    JO  - Frontiers
    SP  - 46
    EP  - 52
    PB  - Science Publishing Group
    SN  - 2994-7197
    UR  - https://doi.org/10.11648/j.frontiers.20230304.11
    AB  - The business society, widely structured in a market economic perspective, demands that the audit function be increasingly mediating in the analysis of certain situations, such as the viability of the company, the reporting of frauds and illegal acts, the evaluation of the economy, efficiency, and effectiveness of organizations. The goal of this work is to evaluate how Internal Audit helps firms respond quickly and effectively to External Audit, particularly to the activity of the tax authorities. The research methodology employed in this study integrates three distinct types of investigation: exploratory, descriptive, and explanatory. This comprehensive approach involves a three-phase process, which includes an extensive literature review, data collection from the field through semi-structured interviews, and the subsequent analysis and synthesis of this information into a comprehensive report. It was concluded that the main objective of an audit work is to express an independent opinion about the reliability of the financial statements of a company, in view of the Fundamental Principles of Accounting, defined by legislation and accounting doctrine. The study's findings underscore the critical importance of ethics and social responsibility within the realm of auditing. As the prevailing societal ethos evolves, auditors must adapt to meet the growing demands for transparency, accountability, and ethical conduct. Navigating this dynamic landscape requires auditors to exercise a heightened level of diligence and ethical awareness, reinforcing their pivotal role as guardians of financial integrity and public trust. The absence of ethics that society goes through, as well as the auditor's social responsibility, are relevant points that demand special attention from these professionals.
    
    VL  - 3
    IS  - 4
    ER  - 

    Copy | Download

Author Information
  • Faculty of Economics and Social Sciences, Technical University of Mozambique, Maputo City, Mozambique

  • Sections