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

Subramaniam, Nava, Ng, Chew and Carey, Peter 2004, Outsourcing internal audit services : an empirical study on Queensland public-sector entities, Australian accounting review, vol. 14, no. 3, pp. 86-95.

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Title Outsourcing internal audit services : an empirical study on Queensland public-sector entities
Author(s) Subramaniam, Nava
Ng, Chew
Carey, Peter
Journal name Australian accounting review
Volume number 14
Issue number 3
Start page 86
End page 95
Total pages 10
Publisher Wiley-Blackwell
Place of publication Richmond, Vic.
Publication date 2004
ISSN 1035-6908
Summary 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.
Language eng
Field of Research 150102 Auditing and Accountability
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2004, Wiley-Blackwell
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024421

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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