Analysis of the Contribution of Internal Auditing in Organizations

Áureo Nhaca

doi:doi:10.11648/j.frontiers.20230304.11

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Analysis of the Contribution of Internal Auditing in Organizations

Áureo Nhaca

Published in Frontiers (Volume 3, Issue 4)

Received: 30 June 2023 Accepted: 7 October 2023 Published: 28 December 2023

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Abstract

The business society, widely structured in a market economic perspective, demands that the audit function be increasingly mediating in the analysis of certain situations, such as the viability of the company, the reporting of frauds and illegal acts, the evaluation of the economy, efficiency, and effectiveness of organizations. The goal of this work is to evaluate how Internal Audit helps firms respond quickly and effectively to External Audit, particularly to the activity of the tax authorities. The research methodology employed in this study integrates three distinct types of investigation: exploratory, descriptive, and explanatory. This comprehensive approach involves a three-phase process, which includes an extensive literature review, data collection from the field through semi-structured interviews, and the subsequent analysis and synthesis of this information into a comprehensive report. It was concluded that the main objective of an audit work is to express an independent opinion about the reliability of the financial statements of a company, in view of the Fundamental Principles of Accounting, defined by legislation and accounting doctrine. The study's findings underscore the critical importance of ethics and social responsibility within the realm of auditing. As the prevailing societal ethos evolves, auditors must adapt to meet the growing demands for transparency, accountability, and ethical conduct. Navigating this dynamic landscape requires auditors to exercise a heightened level of diligence and ethical awareness, reinforcing their pivotal role as guardians of financial integrity and public trust. The absence of ethics that society goes through, as well as the auditor's social responsibility, are relevant points that demand special attention from these professionals.

Published in	Frontiers (Volume 3, Issue 4)
DOI	10.11648/j.frontiers.20230304.11
Page(s)	46-52
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Internal Auditing, Efficiency and Effectiveness, Tax

References

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[19]	Marçal, N., & Marques, F. L. (2011). Manual de Auditoria e Controlo Interno no Sector Público. Edições Sílabo.
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APA Style

Nhaca, Á. (2023). Analysis of the Contribution of Internal Auditing in Organizations. Frontiers, 3(4), 46-52. https://doi.org/10.11648/j.frontiers.20230304.11

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ACS Style

Nhaca, Á. Analysis of the Contribution of Internal Auditing in Organizations. Frontiers. 2023, 3(4), 46-52. doi: 10.11648/j.frontiers.20230304.11

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AMA Style

Nhaca Á. Analysis of the Contribution of Internal Auditing in Organizations. Frontiers. 2023;3(4):46-52. doi: 10.11648/j.frontiers.20230304.11

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@article{10.11648/j.frontiers.20230304.11,
  author = {Áureo Nhaca},
  title = {Analysis of the Contribution of Internal Auditing in Organizations},
  journal = {Frontiers},
  volume = {3},
  number = {4},
  pages = {46-52},
  doi = {10.11648/j.frontiers.20230304.11},
  url = {https://doi.org/10.11648/j.frontiers.20230304.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.frontiers.20230304.11},
  abstract = {The business society, widely structured in a market economic perspective, demands that the audit function be increasingly mediating in the analysis of certain situations, such as the viability of the company, the reporting of frauds and illegal acts, the evaluation of the economy, efficiency, and effectiveness of organizations. The goal of this work is to evaluate how Internal Audit helps firms respond quickly and effectively to External Audit, particularly to the activity of the tax authorities. The research methodology employed in this study integrates three distinct types of investigation: exploratory, descriptive, and explanatory. This comprehensive approach involves a three-phase process, which includes an extensive literature review, data collection from the field through semi-structured interviews, and the subsequent analysis and synthesis of this information into a comprehensive report. It was concluded that the main objective of an audit work is to express an independent opinion about the reliability of the financial statements of a company, in view of the Fundamental Principles of Accounting, defined by legislation and accounting doctrine. The study's findings underscore the critical importance of ethics and social responsibility within the realm of auditing. As the prevailing societal ethos evolves, auditors must adapt to meet the growing demands for transparency, accountability, and ethical conduct. Navigating this dynamic landscape requires auditors to exercise a heightened level of diligence and ethical awareness, reinforcing their pivotal role as guardians of financial integrity and public trust. The absence of ethics that society goes through, as well as the auditor's social responsibility, are relevant points that demand special attention from these professionals.
},
 year = {2023}
}

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TY  - JOUR
T1  - Analysis of the Contribution of Internal Auditing in Organizations
AU  - Áureo Nhaca
Y1  - 2023/12/28
PY  - 2023
N1  - https://doi.org/10.11648/j.frontiers.20230304.11
DO  - 10.11648/j.frontiers.20230304.11
T2  - Frontiers
JF  - Frontiers
JO  - Frontiers
SP  - 46
EP  - 52
PB  - Science Publishing Group
SN  - 2994-7197
UR  - https://doi.org/10.11648/j.frontiers.20230304.11
AB  - The business society, widely structured in a market economic perspective, demands that the audit function be increasingly mediating in the analysis of certain situations, such as the viability of the company, the reporting of frauds and illegal acts, the evaluation of the economy, efficiency, and effectiveness of organizations. The goal of this work is to evaluate how Internal Audit helps firms respond quickly and effectively to External Audit, particularly to the activity of the tax authorities. The research methodology employed in this study integrates three distinct types of investigation: exploratory, descriptive, and explanatory. This comprehensive approach involves a three-phase process, which includes an extensive literature review, data collection from the field through semi-structured interviews, and the subsequent analysis and synthesis of this information into a comprehensive report. It was concluded that the main objective of an audit work is to express an independent opinion about the reliability of the financial statements of a company, in view of the Fundamental Principles of Accounting, defined by legislation and accounting doctrine. The study's findings underscore the critical importance of ethics and social responsibility within the realm of auditing. As the prevailing societal ethos evolves, auditors must adapt to meet the growing demands for transparency, accountability, and ethical conduct. Navigating this dynamic landscape requires auditors to exercise a heightened level of diligence and ethical awareness, reinforcing their pivotal role as guardians of financial integrity and public trust. The absence of ethics that society goes through, as well as the auditor's social responsibility, are relevant points that demand special attention from these professionals.

VL  - 3
IS  - 4
ER  -

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Author Information

Áureo Nhaca

Faculty of Economics and Social Sciences, Technical University of Mozambique, Maputo City, Mozambique

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APA Style

Nhaca, Á. (2023). Analysis of the Contribution of Internal Auditing in Organizations. Frontiers, 3(4), 46-52. https://doi.org/10.11648/j.frontiers.20230304.11

Copy | Download

ACS Style

Nhaca, Á. Analysis of the Contribution of Internal Auditing in Organizations. Frontiers. 2023, 3(4), 46-52. doi: 10.11648/j.frontiers.20230304.11

Copy | Download

AMA Style

Nhaca Á. Analysis of the Contribution of Internal Auditing in Organizations. Frontiers. 2023;3(4):46-52. doi: 10.11648/j.frontiers.20230304.11

Copy | Download

@article{10.11648/j.frontiers.20230304.11,
  author = {Áureo Nhaca},
  title = {Analysis of the Contribution of Internal Auditing in Organizations},
  journal = {Frontiers},
  volume = {3},
  number = {4},
  pages = {46-52},
  doi = {10.11648/j.frontiers.20230304.11},
  url = {https://doi.org/10.11648/j.frontiers.20230304.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.frontiers.20230304.11},
  abstract = {The business society, widely structured in a market economic perspective, demands that the audit function be increasingly mediating in the analysis of certain situations, such as the viability of the company, the reporting of frauds and illegal acts, the evaluation of the economy, efficiency, and effectiveness of organizations. The goal of this work is to evaluate how Internal Audit helps firms respond quickly and effectively to External Audit, particularly to the activity of the tax authorities. The research methodology employed in this study integrates three distinct types of investigation: exploratory, descriptive, and explanatory. This comprehensive approach involves a three-phase process, which includes an extensive literature review, data collection from the field through semi-structured interviews, and the subsequent analysis and synthesis of this information into a comprehensive report. It was concluded that the main objective of an audit work is to express an independent opinion about the reliability of the financial statements of a company, in view of the Fundamental Principles of Accounting, defined by legislation and accounting doctrine. The study's findings underscore the critical importance of ethics and social responsibility within the realm of auditing. As the prevailing societal ethos evolves, auditors must adapt to meet the growing demands for transparency, accountability, and ethical conduct. Navigating this dynamic landscape requires auditors to exercise a heightened level of diligence and ethical awareness, reinforcing their pivotal role as guardians of financial integrity and public trust. The absence of ethics that society goes through, as well as the auditor's social responsibility, are relevant points that demand special attention from these professionals.
},
 year = {2023}
}

Copy | Download

TY  - JOUR
T1  - Analysis of the Contribution of Internal Auditing in Organizations
AU  - Áureo Nhaca
Y1  - 2023/12/28
PY  - 2023
N1  - https://doi.org/10.11648/j.frontiers.20230304.11
DO  - 10.11648/j.frontiers.20230304.11
T2  - Frontiers
JF  - Frontiers
JO  - Frontiers
SP  - 46
EP  - 52
PB  - Science Publishing Group
SN  - 2994-7197
UR  - https://doi.org/10.11648/j.frontiers.20230304.11
AB  - The business society, widely structured in a market economic perspective, demands that the audit function be increasingly mediating in the analysis of certain situations, such as the viability of the company, the reporting of frauds and illegal acts, the evaluation of the economy, efficiency, and effectiveness of organizations. The goal of this work is to evaluate how Internal Audit helps firms respond quickly and effectively to External Audit, particularly to the activity of the tax authorities. The research methodology employed in this study integrates three distinct types of investigation: exploratory, descriptive, and explanatory. This comprehensive approach involves a three-phase process, which includes an extensive literature review, data collection from the field through semi-structured interviews, and the subsequent analysis and synthesis of this information into a comprehensive report. It was concluded that the main objective of an audit work is to express an independent opinion about the reliability of the financial statements of a company, in view of the Fundamental Principles of Accounting, defined by legislation and accounting doctrine. The study's findings underscore the critical importance of ethics and social responsibility within the realm of auditing. As the prevailing societal ethos evolves, auditors must adapt to meet the growing demands for transparency, accountability, and ethical conduct. Navigating this dynamic landscape requires auditors to exercise a heightened level of diligence and ethical awareness, reinforcing their pivotal role as guardians of financial integrity and public trust. The absence of ethics that society goes through, as well as the auditor's social responsibility, are relevant points that demand special attention from these professionals.

VL  - 3
IS  - 4
ER  -

Copy | Download