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Victor Z. Brink's Internal Auditing (IIA)

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History of Internal Auditing

Auditing has progressed through different stages. In the mid-1800s to early 1900s, at this time the audit practice was considered as “traditional conformance role of auditing”. Nevertheless, the auditing role has been developing for the past 30 years. Today, auditors are expected not only to improve the credibility of the financial statement, but also to offer value-added services. However, due to major reforms in different countries as a result of the breakdown of big corporations it is anticipated that the role of auditors will keep growing and add more value to the organisation. It is clear that the standard of auditing has changed over the years and it is likely to continue changing in the future. (davidpublishing.com …show more content…

One of the events was the publication of their first major book regarding—Victor Z. Brink’s Internal Auditing. Also 24 people joined together to create The Institute of Internal Auditors (IIA). In the 1940s, internal auditors started to increase their audits to incorporate more than the old-style financial audit. Therefore, internal auditors began directing their strength toward assisting management in every way possible. In March 1948 article describe the expanding-scope of auditing was published in the internal auditor by Arthur H. …show more content…

Mints to use the word operational auditing. In 1957 the IIA published the Statement of Responsibilities of Internal Auditing. They described the role of internal auditing which stated that the auditor should be concerned with any phase of business activity. This was different from the 1947 Statement which said that an auditor might also deal with operating matters. The 1957 Statement involved these internal auditor

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