Importance of Internal Audit and Internal Control in an organization - Case Study
Bubilek, Olga (2017)
Bubilek, Olga
Yrkeshögskolan Arcada
2017
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2017052910696
https://urn.fi/URN:NBN:fi:amk-2017052910696
Tiivistelmä
This research is a descriptive case study of a company. It presents concepts of the internal audit and internal control based on an example of a Finnish company. The research examines the role and importance that internal audit and internal controls have in an organization.
The main research question is “What is the role and importance of internal audit and internal control in an organization” Additional sub-questions relating to the case company that will allow for better understanding of both concepts and the case company are:
“How internal audit and internal control are implemented in the case company?”; “How the implementation of internal audit and internal control influences the case company?”; “What are the internal audit and internal control regulations that the case company must comply with?”
To answer the main and sub-research questions, this thesis has a theoretical part about both research concepts. The theory is mainly based on the internal auditing and internal control literature. Data concerning the case company is collected by interviews and secondary sources in the form of annual reviews, financial statements, and the company’s website. It is later analyzed through a theoretical prism.
The findings of this research show that both the theory and the case company assume internal audit and internal control as important. The role of both concepts is allowing the organization to achieve its goals and objectives, through more effective organizational operations, risk management, and decision making.
The main research question is “What is the role and importance of internal audit and internal control in an organization” Additional sub-questions relating to the case company that will allow for better understanding of both concepts and the case company are:
“How internal audit and internal control are implemented in the case company?”; “How the implementation of internal audit and internal control influences the case company?”; “What are the internal audit and internal control regulations that the case company must comply with?”
To answer the main and sub-research questions, this thesis has a theoretical part about both research concepts. The theory is mainly based on the internal auditing and internal control literature. Data concerning the case company is collected by interviews and secondary sources in the form of annual reviews, financial statements, and the company’s website. It is later analyzed through a theoretical prism.
The findings of this research show that both the theory and the case company assume internal audit and internal control as important. The role of both concepts is allowing the organization to achieve its goals and objectives, through more effective organizational operations, risk management, and decision making.