Blurred lines: exploring internal auditor involvement in the local authority risk management function

Siobhan White, Stephen Bailey, Darinka Asenova

    Research output: Contribution to journalArticlepeer-review

    11 Citations (Scopus)

    Abstract

    The internal audit remit includes assessing budgetary compliance by departments, investigating fraud and error, appraising systems of control and undertaking consulting, the last including risk management even though internal auditors generally lack risk training and expertise. Surveying internal auditors in Scottish local authorities, this paper investigates discrepancies between professional guidance and current practice regarding the risk management remit of internal audit. Lines of responsibility were found to be blurred, so there were insufficient safeguards to ensure compliance and the roles and responsibilities of internal audit involvement in risk management assurance did not fully comply with professional guidance.

    Original languageEnglish
    Pages (from-to)102-112
    Number of pages11
    JournalPublic Money and Management
    Volume40
    Issue number2
    Early online date26 Sept 2019
    DOIs
    Publication statusPublished - 17 Feb 2020

    Keywords

    • Critical friend
    • ERM fan
    • internal audit
    • local government
    • risk management

    ASJC Scopus subject areas

    • General Business,Management and Accounting
    • Sociology and Political Science
    • Public Administration

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