Tranzicija, Vol. 25 No. 49, 2022.
Izvorni znanstveni članak
COMPARISON OF TRADITIONAL AND AGILE APPROACH TO PERFORMING INTERNAL AUDIT ENGAGEMENT
Boris Tušek
orcid.org/0000-0002-0942-4761
; Ekonomski fakultet Zagreb
Sažetak
In parallel with the growth and development of the company, its business operations, and changes in the environment, the internal audit function was also developed. In addition to the audit of the financial statements and the state audit, the internal audit represents a significant segment of the overall audit activity. Over time, the internal audit has evolved into a function, the scope of which is intensively developed and expanded – from the assessment of financial information to the verification and evaluation of the effectiveness and efficiency of internal control systems to the new paradigm of internal audit – focusing on giving assurance about organization’s governance, risk management, and control processes. Under today's conditions, internal audit becomes an indispensable internal supervisory mechanism for corporate governance. The internal audit function must permanently develop new approaches to internal auditing, design new internal audit products, and services, in parallel with the increasingly complex requirements and challenges posed to corporate governance in modern conditions. In this regard, it can be expected that the internal audit function will increasingly focus on risk anticipation in certain areas of business and on advising management board on risk management options, primarily in terms of shaping and supervising the relevant internal control system as an instrument of risk reduction strategy. The object of the internal auditor's examination becomes the entire business facing the future. This paper focuses on comparing the traditional and agile approach to internal audit engagement and the transformational change of traditional internal audit into a new agile approach.
Ključne riječi
Hrčak ID:
309061
URI
Datum izdavanja:
21.10.2023.
Posjeta: 202 *