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OUTSOURCING OF INTERNAL AUDIT AND INDEPENDENCE OF AUDITORS

A. Seetharaman, M. Krishna Moorthy, A.S. Saravanan

DOI: 10.22495/cbv4i2art3

Abstract

Internal audit which is an integral part of any organization has long been overlooked. In fact, most organizations look at internal audit as a routine function in an organization. However, in the recent years, internal audit has taken a front seat for many organizations. Others are also looking at various options such as outsourcing of the internal audit function of their organizations. However, where outsourcing is concerned, one important issue arises, which is the independence of the external auditor to perform the internal audit function. This paper takes a look at the various aspects of the internal audit process as well as the impact and independence of external auditors who perform internal audit.

Key words: Internal Audit, Independence of Auditors, Control

How to cite this paper: Seetharaman, A., Moorthy, M. K., & Saravanan, A. S. (2008). Outsourcing of internal audit and independence of auditors. Corporate Board: role, duties and composition, 4(2), 40-49. http://doi.org/10.22495/cbv4i2art3

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