March 2003

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Research Opportunities in Internal Auditing

Edited by Andrew D. Bailey Jr., Audrey A. Gramling, and Sridhar Ramamoorti

Recent scandals in corporate America and the plunging stock markets have prompted the U.S. Congress to unleash sweeping regulatory and corporate reform legislation. In the past, crises of this nature did not focus on the role of internal auditing. Today, people are looking to the internal audit function and the chief audit executive as part of the solution to a perceived breakdown in the systems of business reporting, internal control, and ethical behavior. 

To understand the ramifications of the new corporate governance environment and the opportunities it presents, 10 respected academics wrote on the past, present, and future of internal auditing and outlined key questions that collectively present an ambitious research agenda.

Chapters cover:

1. Internal Auditing: History, Evolution, and Prospects
2. Internal Audit and Organizational Governance
3. The Internal Audit Function: An Integral Part of Organizational Governance
4. Assurance and Consulting Services
5. Auditing Risk Assessment and Risk Management Processes
6. Managing the Internal Audit Function
7. Independence and Objectivity: A Framework for Research Opportunities in Internal Auditing
8. Internal Auditing's Systematic, Disciplined Process

ROIA represents the first step in The IIA Research Foundation's commitment to thought leaders in the academic community. The Foundation hopes that the report will foster research on important issues of interest to the public and the internal audit community and intends to fund future research based on projects inspired by this work . Download ROIA free from www.theiia.org.