（2005）A Conceptual Model for External Auditor Evaluation of the Internal Audit Function Using Belief Functions.pdfVIP

A Conceptual Model for External Auditor Evaluation of the Internal Audit Function Using Belief Functions Vikram Desai Ph.D Student Kenneth G. Dixon School of Accounting University of Central Florida Orlando, FL 32816 USA vdesai@bus.ucf.edu Robin W. Roberts Burnett Eminent Scholar and Director Kenneth G. Dixon School of Accounting University of Central Florida Orlando, FL 32816 USA rroberts@bus.ucf.edu Rajendra Srivastava Ernst Young Professor of Accounting School of Business University of Kansas Lawrence, KS rsrivastava@ku.edu November 2005 Acknowledgements: We would like to thank participants at the 2005 ABO Section Mid-Year Meeting for their helpful comments on an earlier version of the paper. A Conceptual Model for External Auditor Evaluation of the Internal Audit Function Using Belief Functions I. INTRODUCTION The Sarbanes-Oxley Act of 2002 (hereafter SOX), has greatly enhanced the role of the internal audit (IA) function. Section 302 of SOX requires management to certify the effectiveness of disclosure controls and procedures with respect to firms’ quarterly and annual reports. Section 404 of SOX requires firm management to document, evaluate, and report on the effectiv