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13 Sep

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Lenz, R., Sarens, G. & Jeppesen, K.K. (2018): In Search of a Measure of Effectiveness for Internal Audit Functions: An Institutional Perspective, EDPACS, 58:2, 1-36

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Internal auditing (IA) effectiveness is still viewed, to large extent, as a “black box” in academic research. In this article, relevant empirical studies based on self-assessments of internal auditors and on other stakeholders’ perspectives are reviewed through an “effectiveness lens.” Major patterns are identified in the existing literature. This article reviews the empirical literature on IA effectiveness that has been published since the latest revision of the IA definition in 1999, using the perspectives of new institutional theory and institutional entrepreneurship as a framework, thereby recognizing the tension between institutional forces and the role of agency. In cases where isomorphic forces are in conflict with other organizational demands, chief auditing executives’ (CAE) agency can be a solution that enables local adaptation (institutional entrepreneurship). The ability to exploit fully the potential of agency is an opportunity for the CAE to tailor and advance the role of IA in its specific organizational context.

Regular access to this paper Lenz et al. (2018) @EDPACS

 

In September 2018, this thought-piece was published as a stand-alone paper in the Canadian journal EDPACS (part of the Taylor & Francis Group). Thank you Dan Swanson (Chief Editor).

This paper is part of my PhD book (2013). Thank you Professor Gerrit Sarens (Louvain School of Management, Belgium) and Professor Kim Klarskov Jeppesen (Copenhagen Business School, Denmark) for our discussions and your contributions.

Lenz, R. (2013), Insights into the effectiveness of internal audit: a multi-method and multi-perspective study, Université catholique de Louvain – Louvain School of Management Research Institute, Doctoral Thesis 01|2013

Access to my PhD book (2013)

 

 

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In Search of a Measure of Effectiveness for Internal Audit Functions: An Institutional Perspective

11 Sep

EDPACS 58,2

[Sept 11, 2018]

Also paper 1 of my cumulative dissertation (from 2013) got published, eventually, as stand-alone paper in the Canadian journal EDPACS (part of Taylor & Francis). Thank you Dan Swanson (Chief Editor). Thank you Gerrit Sarens and Kim K. Jeppesen for your contributions.

 

Lenz, R., Sarens, G. & Jeppesen, K.K. (2018): In Search of a Measure of Effectiveness for Internal Audit Functions: An Institutional Perspective, EDPACS, 58:2, 1-36

ACCESS TO THIS PAPER

 

ABSTRACT

Internal auditing (IA) effectiveness is still viewed, to large extent, as a “black box” in academic research. In this article, relevant empirical studies based on self-assessments of internal auditors and on other stakeholders’ perspectives are reviewed through an “effectiveness lens.” Major patterns are identified in the existing literature. This article reviews the empirical literature on IA effectiveness that has been published since the latest revision of the IA definition in 1999, using the perspectives of new institutional theory and institutional entrepreneurship as a framework, thereby recognizing the tension between institutional forces and the role of agency. In cases where isomorphic forces are in conflict with other organizational demands, chief auditing executives’ (CAE) agency can be a solution that enables local adaptation (institutional entrepreneurship). The ability to exploit fully the potential of agency is an opportunity for the CAE to tailor and advance the role of IA in its specific organizational context.

In Search of a Measure of Effectiveness for Internal Audit Functions: An Institutional Perspective

25 Aug

Lenz, R., Sarens, G. & Jeppesen, K.K. (2018): In Search of a Measure of Effectiveness for Internal Audit Functions: An Institutional Perspective, EDPACS [Forthcoming]

 

Abstract

Internal auditing (IA) effectiveness is still viewed, to large extent, as a ‘black box’ in academic research. In this paper, relevant empirical studies based on self-assessments of internal auditors and on other stakeholders’ perspectives are reviewed through an ‘effectiveness lens’. Major patterns are identified in the existing literature, and the paper complements the work of Gramling et al. (2004), who examined the literature related to IA quality, largely from the viewpoint of external auditors. This paper reviews the empirical literature on IA effectiveness that has been published since the latest revision of the IA definition in 1999, using the perspectives of new institutional theory and institutional entrepreneurship (DiMaggio and Powell, 1983; DiMaggio, 1988) as a framework, thereby recognizing the tension between institutional forces and the role of agency. In cases where isomorphic forces are in conflict with other organizational demands, chief auditing executives (CAE) agency can be a solution that enables local adaptation (institutional entrepreneurship). The ability to exploit fully the potential of agency is an opportunity for the CAE to tailor and advance the role of IA in its specific organizational context.

 

Key words: Internal auditing, effectiveness, new institutional theory, institutional entrepreneurship