Internal audit value and how to measure it: internal audit performance measures applied in East Europe


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International Hellenic University
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2017 (EN)
Internal audit value and how to measure it: internal audit performance measures applied in East Europe (EN)

Maljica, Saša (EN)

Leventis, Stergios (EN)
School of Economics, Business Administration and Legal Studies, Executive MBA (EN)

This dissertation was written as part of the MSc in EMBA program at the International Hellenic University. Main objectives of this report are to determine which measurement methods and tools are used to measure the value of internal audit in today’s dynamic business conditions and to identify which are the key activities that contribute to the value delivered by an internal audit activity, according to the Chief Audit Executives (CAE’s) opinion. More specific, we will examine which internal audit activities, CAE’s believe are bringing the most value to their key stakeholders, and analyse current application of performance measures within the internal audit departments in the region of the East Europe. We have used quantitative methods to investigate and obtain answers on our initial hypothesis raised. The results obtained from research on a sample of questions from the 2015 CBOK study, suggest that in the region of East Europe, according to the CAE’s opinion, the audit activity that brings most value was “Assuring the adequacy and effectiveness of the internal control system“; that the 5 most widely used tools/methods to support performance are same as results from global survey and that the most widely used method for the measurement of the internal audit activity was “Percentage of audit plan complete”. Keywords: internal audit, value, performance, measure, CBOK (EN)


Internal audit (EN)
Value (EN)
Measure (EN)
Performance (EN)

Διεθνές Πανεπιστήμιο της Ελλάδος (EL)
International Hellenic University (EN)



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