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Analysis of professional standards and research findings to develop decision aids for reliance on internal auditing

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  • Schneider, Arnold

Abstract

This paper analyzes professional standards and research findings pertaining to external auditors’ reliance on internal auditing and develops decision aids for reliance. The paper obtains various characteristics relating to the evaluation of internal audit competence, objectivity, and work performed, as well as other non-internal audit factors that impact reliance. These characteristics and factors are integrated into decision aids for reliance on internal auditing.

Suggested Citation

  • Schneider, Arnold, 2010. "Analysis of professional standards and research findings to develop decision aids for reliance on internal auditing," Research in Accounting Regulation, Elsevier, vol. 22(2), pages 96-106.
    • Handle: RePEc:eee:reacre:v:22:y:2010:i:2:p:96-106
    DOI: 10.1016/j.racreg.2010.07.004
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    References listed on IDEAS

    as
    1. Schneider, A, 1985. "The Reliance Of External Auditors On The Internal Audit Function," Journal of Accounting Research, Wiley Blackwell, vol. 23(2), pages 911-919.
    2. William L. Felix, Jr. & Audrey A. Gramling & Mario j. Maletta, 2001. "The Contribution of Internal Audit as a Determinant of External Audit Fees and Factors Influencing This Contribution," Journal of Accounting Research, Wiley Blackwell, vol. 39(3), pages 513-534, December.
    3. Schneider, A, 1984. "Modeling External Auditors Evaluations Of Internal Auditing," Journal of Accounting Research, Wiley Blackwell, vol. 22(2), pages 657-678.
    4. Brown, Pr, 1983. "Independent Auditor Judgment In The Evaluation Of Internal Audit Functions," Journal of Accounting Research, Wiley Blackwell, vol. 21(2), pages 444-455.
    5. Margheim, Ll, 1986. "Further Evidence On External Auditors Reliance On Internal Auditors," Journal of Accounting Research, Wiley Blackwell, vol. 24(1), pages 194-205.
    6. William F. Messier & Arnold Schneider, 1988. "A hierarchical approach to the external auditor's evaluation of the internal auditing function," Contemporary Accounting Research, John Wiley & Sons, vol. 4(2), pages 337-353, March.
    7. Harrell, Adrian & Taylor, Martin & Chewning, Eugene, 1989. "An examination of management's ability to bias the professional objectivity of internal auditors," Accounting, Organizations and Society, Elsevier, vol. 14(3), pages 259-269, April.
    8. Mario J. Maletta, 1993. "An Examination of Auditors' Decisions to Use Internal Auditors as Assistants: The Effect of Inherent Risk," Contemporary Accounting Research, John Wiley & Sons, vol. 9(2), pages 508-525, March.
    9. Plumlee, Rd, 1985. "The Standard Of Objectivity For Internal Auditors - Memory And Bias Effects," Journal of Accounting Research, Wiley Blackwell, vol. 23(2), pages 683-699.
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    Cited by:

    1. Martin, Kasey & Sanders, Elaine & Scalan, Genevieve, 2014. "The potential impact of COSO internal control integrated framework revision on internal audit structured SOX work programs," Research in Accounting Regulation, Elsevier, vol. 26(1), pages 110-117.

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