Date of Defense

4-9-2014

Date of Graduation

4-2014

Department

Accountancy

First Advisor

James Penner

Second Advisor

Sheldon Langsam

Third Advisor

Donald Gribbin

Abstract

Internal auditing is an independent consulting activity done within the company to insure and improve a company’s operation. The thesis is going to look at, if internal auditing has good effectiveness and efficiency in helping improve companies. Can internal auditing help a company stay on the right track? In the past, there has been much fraud, lies, scandals made by big companies, like Enron and Worldcom. These upsets have cost investors billions of dollars when the share prices of affected companies collapsed. Internal auditing should be able to know what is going on in the company and create ways to prevent such a deficit from happening.

To start, the thesis is going to look into many aspects of internal auditing, first, by looking into the background and history. It will cover the reasons why it was started with the Institute of Internal Auditing back in 1941 and why it was implemented into the business world. The thesis will also cover on Sarbanes-Oxley Act that enacted in 2002, because it is a huge part in why auditing is what it is today. I’ll explain how auditing was before the act compared to how auditing is today with the more responsibilities companies are taking on.

As an overlay, the thesis is going to explain the daily tasks and duties of an internal auditor. What they do every day, how their tasks are supposed to help improve the company, and also what their response and protocol is when they find an upset in the company. This will give great insight on internal auditors. Then to answer the thesis topic, there will be many statistical data and information to prove if companies are improving because of internal auditing.

Access Setting

Honors Thesis-Open Access

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