The application of auditing approaches for audit fields in an internal audit

Abstract

The development of the internal audit function in enterprises exhibits itself in a changing business environment. Its goals added impact on the extension of the function’s activities that pertain to management’s strategy. It is necessary for this function that internal audit should change to get appropriate auditing approach in accordance with non-traditional audit fields. Actually, internal auditors have been choices of different auditing perspectives related to traditional audit fields within an internal audit. This study analyzes internal audit function’s targets and auditing contents, or audit fields concerned in which a given auditing approach or a combination between risk-based approach and one of remaining approaches recommended is suitable for a particular audit field in an audit.