（1997）Developing internal auditing procedures in UK organizations using a benchmarkiing approach.pdfVIP

Developing internal auditing procedures in UK organizations using a benchmarking approach Jonathan Liu Centre for Interdisciplinary Strategic Management Research, Middlesex University Business School, London, UK Hong Seng Woo Centre for Interdisciplinary Strategic Management Research, Middlesex University Business School, London, UK Victor Boakye-Bonsu Centre for Interdisciplinary Strategic Management Research, Middlesex University Business School, London, UK As organizations are down- organizations are prepared to spend large sized, re-engineering and the Developing the internal auditing amounts of their scarce resources on restruc- function span of control inflates, the turing and reorganizing but seldom take a need for self-regualtion and The 1990s have seen a significant need for the strategic view as to the internal audit control grows. This need has provision of internal auditing service in UK requirements for control purposes of the new seen the growth in the provi- companies. In the Cadbury Report, Sir design itself. How many organizations sion of internal auditing Adrian Cadbury highlighted the critical redesign their control functions as they services in the UK. Demon- nature of internal control and asserted that redesign their operational processes? strates the linkage between the failures of quoted companies in the past Benchmarking is a relatively new process ensuring quality by bench- have