Challenges in Government Auditing - Download PDF

  • Item No. : 5040.dl
  • ISBN : 978-0-89413-655-9
  • Publisher : The Institute of Internal Auditors Research Foundation
  • Publish Date : 2004
  • Authors : The IIA Research Foundation
  • Media : Download
  • Page count : 24
  • Member Price : $0.00
  • Non-Member Price : $40.00

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The Institute of Internal Auditors Research Foundation conducted a survey with the goal of assessing the unique challenges facing auditors in the public sector. Auditors from a wide cross-section of city, county, state, federal, and other government audit functions were asked to rank each of 23 potential challenges affecting government auditors, and to list the most unique challenges they faced as government auditors.
 
Among the major findings stemming from the survey were the following:
  • Government auditors face numerous significant challenges.
  • The most important step that government agencies can take to reduce the number of severe challenges facing auditors is to ensure that an independent audit committee is in place.
  • Accounting education is important, but a blend of skills is necessary to assure that the audit function can perform its duties efficiently and effectively.
  • Government auditors face many common challenges, but individuals engaged in different types of government auditing report somewhat different challenges.

The IIA Research Foundation is a 501(c)(3) corporation formed to expand knowledge and understanding of internal auditing by providing relevant research and educational products to advance the profession globally. Learn more about The Foundation.