How do Internal Auditors become Comfortable in their role within Risk Management?: An Empirical Study of Internal Auditors in Private Sector Companies
Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
The role of internal audit has changed during the past few years. Today, internal auditors are central players in organizations’ corporate governance structure. However, previous studies show that there is a gap between internal auditors’ own perception of their role compared to their stakeholders’. The wide scope of internal auditors’ role risks placing internal auditors in a situation of conflict, where consulting services threaten their provision of assurance services. In order to provide clarification to the role, this thesis studies how internal auditors become comfortable in their role, as both assurance and consulting providers and what concerns internal auditors face in their work. In order to fulfill the aim following research question is asked: How do internal auditors become comfortable in their role within risk management? Ten internal auditors were interviewed in order to make a contribution in the field of internal audit. The findings suggest that both assurance and consulting services are needed in order for internal auditors to feel they add value to the organization and hence, become comfortable in their role. Internal auditors’ comfort is many times dependent on fulfilling their stakeholders’ needs, however, staying in the scope of their role was shown to be more important.
Place, publisher, year, edition, pages
2016. , 68 p.
Assurance, Comfort, Consulting, Discomfort, Internal audit, Risk management, Role
IdentifiersURN: urn:nbn:se:uu:diva-298123OAI: oai:DiVA.org:uu-298123DiVA: diva2:944726
Master Programme in Accounting, Auditing and Analysis