Deakin University
Browse

File(s) under permanent embargo

Outsourcing internal audit services : an empirical study on Queensland public-sector entities

journal contribution
posted on 2004-01-01, 00:00 authored by Navaneetham Subramaniam, C Ng, Peter CareyPeter Carey
A study of Queensland public-sector entities suggests outsourcing of internal audit services to be extensive (88%), with 51% of respondent agencies adopting co-sourcing and 37% of the agencies fully outsourcing. Results suggest that internal audit outsourcing is largely adopted for non-financial reasons such as lack of technological know-how and service quality rather than financial reasons. Deficiencies of current governance arrangements concerning internal audit outsourcing include (1) a lack of audit committee involvement in outsourcing processes, particularly in co-sourcing entities, and (2) inadequate segregation of duties whereby the same senior management is involved in key arrangements including selection, approval, negotiation and evaluation of contractual performance.

History

Journal

Australian accounting review

Volume

14

Issue

3

Pagination

86 - 95

Publisher

Wiley-Blackwell

Location

Richmond, Vic.

ISSN

1035-6908

eISSN

1835-2561

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal

Copyright notice

2004, Wiley-Blackwell

Usage metrics

    Research Publications

    Categories

    No categories selected

    Keywords

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC