Please use this identifier to cite or link to this item:
https://hdl.handle.net/1959.11/14503
Title: | The role of internal auditing in risk management | Contributor(s): | Mihret, Dessalegn (author); Khan, Ashfaq A (author) | Publication Date: | 2013 | Handle Link: | https://hdl.handle.net/1959.11/14503 | Abstract: | This paper is based on a theoretical analysis of the role of internal auditing in the accountability framework of contemporary corporate governance. We conceptualize the risk management rationale of internal auditing by drawing on the concept of accountability. We locate the emergence of internal auditing within the metamorphosis of capitalism. It is argued that this development produced the institutionalization of structural control of the firm to address the control problem in the inherently conflicting relationships that characterize accountability relations of capitalist enterprises. The exercise of control in this context entails ensuring accountability of employees, management and the board of directors to shareholders to increase profit. The extant literature does not provide an integrated conceptual framework that explains the role of internal auditing with a holistic view of this accountability landscape. This paper explains how the accountability relations of advanced capitalism create conditions that produce the demand for internal auditing as a risk management technology deployed to advance the managerial values of efficiency and effectiveness of the firm through assurance and advisory services. | Publication Type: | Conference Publication | Conference Details: | APIRA 2013: 7th Asia Pacific Interdisciplinary Research in Accounting Conference, Kobe, Japan, 26th - 28th July, 2013 | Source of Publication: | Proceedings of the 7th Asia Pacific Interdisciplinary Research in Accounting Conference, p. 1-17 | Publisher: | APIRA Conference Committee | Place of Publication: | online | Fields of Research (FoR) 2008: | 150499 Commercial Services not elsewhere classified 150399 Business and Management not elsewhere classified 150199 Accounting, Auditing and Accountability not elsewhere classified |
Fields of Research (FoR) 2020: | 350499 Commercial services not elsewhere classified 350399 Business systems in context not elsewhere classified 350199 Accounting, auditing and accountability not elsewhere classified |
Socio-Economic Objective (SEO) 2008: | 900202 Professional, Scientific and Technical Services 900201 Administration and Business Support Services |
Socio-Economic Objective (SEO) 2020: | 110302 Professional, scientific and technical services 110301 Administration and business support services |
Peer Reviewed: | Yes | HERDC Category Description: | E1 Refereed Scholarly Conference Publication | Publisher/associated links: | http://www.apira2013.org/proceedings/pdfs/K224.pdf http://www.apira2013.org/proceedings/ |
---|---|
Appears in Collections: | Conference Publication UNE Business School |
Files in This Item:
File | Description | Size | Format |
---|
Page view(s)
1,258
checked on Sep 3, 2023
Items in Research UNE are protected by copyright, with all rights reserved, unless otherwise indicated.