Internal audit opinion: a value addition plus

Abstract

Internal auditors play an important role in their organization’s corporate governance, internal control structure, risk management analysis, and financial reporting process. In spite of all confusions and dysfunctions, the theoreticians and practitioners in the field have remarked a rapid evolution of the internal audit. Th e internal audit, as a profession, has been redefined over the years and it has constantly complied with the changing needs of entities. In the past decade, auditors actively have provided management with consulting and assurance services to assist in compliance with regulations such as the U.S. Sarbanes-Oxley Act of 2002.