Role of Internal Auditing During Mergers & Acquisitions: The European Union Experience, The - Download PDF

  • Item No. : 5047.dl
  • ISBN : 978-0-89413-652-8
  • Publisher : The Institute of Internal Auditors Research Foundation
  • Publish Date : 2007
  • Authors : Nikolaos Dounis
  • Media : Download
  • Page count : 29
  • Member Price : $0.00
  • Non-Member Price : $25.00

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Mergers and acquisitions (M&As) represent a dynamic process of corporate culture and strategy. Empirical evidence indicates a high rate of failure of M&As to create value for the shareholders of the firms. On the other hand, internal auditing has evolved dramatically from its traditional role of control orientation to a more proactive, risk-based, and consultancy role. This research:
  1. Describes the role internal auditing currently plays in the European Union companies that pursue mergers and acquisitions.
  2. Examines the relative contribution of the internal auditing function to the various stages of M&As.
  3. Describes and analyzes the preferred role internal auditors would like to play in European Union mergers and acquisitions.
  4. Develops a normative model based on the extensive literature review.
  5. Identifies and analyzes the gaps between the current, preferred, and ideal situation.
  6. Develops a best practices model valid for internal auditing departments in the European Union mergers and acquisitions.
  7. Provides a list of prerequisites that are essential for internal auditing in order to play a more active role in the M&A process.
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