Audit & Risk

360° internal auditing

As part of a study conducted at the University of Sunderland, academics researched the effectiveness of the internal audit function in the context of operational risk measurement under the Basel II banking standards. The study, which featured both a survey and interviews, compared internal auditors’ self-assessments against performance ratings given to them by their colleagues in operational risk.

in Tools.

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360 Auditing IIA final 050512 v1.pdf

The results highlight six complex and related themes that, if addressed, could help to improve the effectiveness of internal auditing in any organisation. One of the six themes relates to auditing methods. The authors of the original study propose to complement these existing methods with what they call 360° internal auditing.

See the PDF above for their research report, which introduces 360° internal auditing and considers its strengths and weaknesses.

If you have any comments or questions, the authors can be contacted via email at andrew.maxwol@gmail.com.

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