The Global Internal Audit Common Body of Knowledge (CBOK)
Internal audit’s role in organizational governance has become increasingly important in the wake of the recent global financial crisis and the continuing spate of governance failures in both financial and public sectors throughout the world. Informed observers and commentators have asked initially, “Where were the external auditors?” then “Where was the audit committee?” and finally, “Where was internal audit in all this?” This report draws on survey responses from internal auditors in 166 countries to take stock of the current role of internal audit in the governance process and learn how internal audit can better position itself to contribute to effective organizational governance.
Copyright © 2016 by The Institute of Internal Auditors Research Foundation (IIARF). All rights reserved.
Institute of Internal Auditors Research Foundation
Ramamoorti, Sridhar and Siegfried, Alan N., "Promoting and Supporting Effective Organizational Governance" (2016). Accounting Faculty Publications. 100.
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