2010, 'The Effectiveness of Internal Auditing: An Empirical Examination of its Determinants in Israeli Organisations

I nternal auditing (IA) serves as an importantlink in the business and financial reporting pro-cesses of corporations and not-for-profit providers (Reynolds 2000). Internal auditors play a key role in monitoring a company’s riskprofile and identifying areas to improve risk management (Goodwin-Stewart and Kent 2006). The aim of internal auditing is to improve organisational efficiency and effectiveness through constructive criticism. IAhas fourmain components: (1) verification of written records; (2) analysis of policy; (3) evaluation of the logic and completeness of procedures, internal services and staffing to assure they are efficient and appropriate for the organisation’s policies; and (4) reporting recommendations for improvements to management (Eden and Moriah 1996). The subject is worthy of attention because internal auditors are important, even crucial, in an economy tha