Work

Internal auditing : how South Africa compares

Year: 2013

Type: article

Abstract: Despite South Africa being considered a developing country, internal auditing has developed a robust presence both in the private and public sectors. The CBOK research (conducted by the IIA’s IIARF) shows that local internal audit functions compare well with other more developed regions around the world. A factor that has contributed to the strength of South African internal auditing is the support contained in legislation and private sector codes of corporate governance: the Public Finance Management Act (PFMA) and the Municipal Finance Management Act (MFMA) continue to underpin public sector advances, while the King ll and King lll reports, with their codes of corporate governance, apply to all sectors in South Africa. All of this has placed South Africa’s internal audit functions collectively in a leadership role in Africa.

Source: UpSpace Institutional Repository (University of Pretoria)

Authors: Karin Barac, G.P. Coetzee, Lourens J. Erasmus, Houdini Fourie, Kgobalale Nebbel Motubatse, Kato Plant, Blanché Steyn, J.M. Van Staden

Institutions: University of Pretoria, Tshwane University of Technology, Nelson Mandela University, University of South Africa

Language: English

Topic: Auditing, Earnings Management, Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W4604106

FWCI:

Cites: 6

Cited by:

Related to: 10