Abstract:
Apart from the available research in the field, which is mainly based on quantitative
data, the present study uses a wide range of qualitative data in order to detect certain more profound
attitudes in the relationship between internal auditing and stakeholders. Investors may wish to
provide assurance about the objectives and consultancy on risks and control. An internal audit
function that has been allocated the appropriate resources can provide such assurance and
consultancy. The internal audit function would supplement the management of the activities on a
high level, by providing independent and objective assurance measures directed at the efficiency of
the organisation’s governing processes, at the effectiveness of the management of all types of risks
and determine whether the internal control processes are, indeed, operative in managing risks at a
level that is considered acceptable.