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Internal audit activities performed in South Africa

This study was conducted to determine the perception of the chief audit executive as head of the
internal audit function, on the internal audit activities that should be performed (current and future)
within South African companies after which the findings were compared with the international
perception in this regard. Data was also obtained on whether internal audit activities were performed inhouse
or were outsourced; the importance of the internal audit activities, senior management’s rating
of the value added, the internal audit approach followed, and whether the internal audit standards were
being complied with. A statistical analysis was performed on data that was obtained from
questionnaires and interviews. This study targeted 30 chief audit executives, and to a lesser extent 30
Chief Executive Officers/Chief Financial Officers/Chief Operating Officers, of large South African listed
companies. The results prove that chief audit executives perceive themselves as performing their
internal audit activities according to the internal audit Standards and that they satisfy the needs and
expectations of their companies. The internal audit profession, its clients and internal audit educators
may benefit from the study in the planning of future internal audit activities and educational
programmes respectively.

Identiferoai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:tut/oai:encore.tut.ac.za:d1001358
Date01 December 2009
CreatorsEramus, L, Fourie, H
PublisherAcademic Journals
Source SetsSouth African National ETD Portal
LanguageEnglish
Detected LanguageEnglish
TypeText
FormatPdf
Rights© 2009 Academic Journals
RelationAfrican Journal of Business Management

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