THE THEORY OF INTERNAL AUDIT – THE PURPOSE DRIVEN INTERNAL AUDIT

Abstract

The article introduces the purpose-driven theory of internal audit, emphasizing its role in enhancing organizational efficacy and alignment with strategic goals. It critiques the current lack of theoretical development in internal auditing and proposes integrating contemporary management theories to develop a unique internal audit theory. By leveraging theories of theory of work passion, competitive advantage, core competencies, and public interest, the article aims to redefine internal auditing’s contribution to organizational success and public interest, urging future research to build on this foundational theory.

DISCLOSURE STATEMENT

No potential conflict of interest was reported by the author(s).

Additional information

Notes on contributors

Matej Drašček

Matej Drašček is an international speaker and author specialising in internal audit and ethics. His recent book, ‘Ethical Decision-Making in Management,’ has been published by Routledge, New York. He has served as a lecturer for various universities and faculties. He has contributed numerous professional and scientific articles on topics such as internal audit, business ethics, and strategic management.