Influence of internal audit functions on enterprise risk management: evidence from Malaysian transportation industry Online publication date: Mon, 21-Mar-2022
by Suaad Jassem
International Journal of Business Excellence (IJBEX), Vol. 26, No. 2, 2022
Abstract: This study investigates the impact of core and legitimate functions of internal auditors defined by the Institute of Internal Auditors Position Paper 2009 on the five enterprise risk management components defined by the updated Enterprise Risk Management Framework 2017 declared by the Committee of Sponsoring Organizations. It also examines whether presence of a chief risk officer influences the above relationships. The analysis is based on data obtained from the transportation sector in Malaysia. The results suggest that internal auditors perform 70% of their core roles in enterprise risk management and 65% of legitimate roles, while they are also performing about 50% of prohibitive roles in enterprise risk management. Chief risk officer has non-significant influence except for two enterprise risk management components. Finally, linear regression analysis indicates significant influence of core and legitimate functions of internal auditors on four out of five enterprise risk components.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business Excellence (IJBEX):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook