Internal Audit Functions Introduction In the current corporate efficiency age, the term internal audit has become anything else but uncommon. So what exactly is internal audit? According to the Institute of Internal Auditors IIAinternal audit is an independent, objective, assurance and consulting activity designed to add value to and improve an organizations operations. The IIA continue further and state that internal audit brings a systematic, disciplined approach to evaluate and improve the effectiveness of the risk management, control and governance.
The objectives of OD are: In other words, these programs[ which? But broadly speaking, all organizational development programs try to achieve the following objectives: Organizational development helps in making employees align with the vision of the organization encouraging employees to solve problems instead of avoiding them strengthening inter-personal trust, cooperation, and communication for the successful achievement of organizational goals encouraging every individual to participate in the process of planning, thus making them feel responsible for the implementation of the plan creating a work atmosphere in which employees are encouraged[ by whom?
This, Audit performance in an organization essay turn, leads to greater personal, group, and organizational effectiveness. Change agent[ edit ] A change agent in the sense used here is not a technical expert skilled in such functional areas as accounting, production, or finance.
The change agent is a behavioral scientist who knows how to get people in an organization involved in solving their own problems. A change agent's main strength is a comprehensive knowledge of human behavior, supported by a number of intervention techniques to be discussed later. The change agent can be either external or internal to the organization.
An internal change agent is usually a staff person who has expertise in the behavioral sciences and in the intervention technology of OD. Beckhard reports several cases in which line people have been trained in OD and have returned to their organizations to engage in successful change-assignments.
In their three-year study of UK healthcare organizations, the researchers identified three different mechanisms through which knowledge leaders actively "transposed", "appropriated" or "contended" change concepts, effectively translating and embedding these in organizational practice.
In such a case, the "contractual relationship" is an in-house agreement that should probably be explicit with respect to all of the conditions involved except the fee. Sponsoring organization[ edit ] The initiative for OD programs often comes from an organization that has a problem or anticipates facing a problem.
This means that top management or someone authorized by top management is aware that a problem exists and has decided to seek help in solving it.
There is a direct analogy here to the practice of psychotherapy: The client or patient must actively seek help in finding a solution to his problems. This indicates a willingness on the part of the client organization to accept help and assures the organization that management is actively concerned.
The basic method used is known as action research. This approach, which is described in detail later, consists of a preliminary diagnosis, collecting data, feedback of the data to the client, data exploration by the client group, action planning based on the data, and taking action.
Parts of systems — for example, individuals, cliques, structures, norms, values, and products — are not considered in isolation; the principle of interdependency — that change in one part of a system affects the other parts — is fully recognized.
Thus OD interventions focus on the total cultures and cultural processes of organizations. The focus is also on groups, since the relevant behavior of individuals in organizations and groups is generally a product of the influences of groups rather than of personalities.
This includes improved interpersonal and group processes, more effective communication, and enhanced ability to cope with organizational problems of all kinds.Audit Performance in an Organization - Auditing is performed by an auditor in an organization during a specified financial period that guides that organization.
The main objective in requiring audit performance in an organization is to assess whether financial information provided by the organization conform to the Generally Accepted .
From your audit work, how have you been able to contribute to improved business performance? Answer: International Standards for Auditing’s (ISAs) and International Reporting standards (IFRS) are applied for audit and the performance audit thus carried out, results in providing the precious services to our respected customers.
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Effectiveness of Internal Audit in the Public Sector. This 8 page paper looks at the concept and practice of internal audit in the public sector, discussing why internal audits are undertaken, what they measure, who performs them, the approaches which can be adopted and the direct and indirect impacts that internal audits can have on an organization operations and performance.
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