Abstract:

This study is aimed at providing a better and more accurate understanding of the factors determining the effectiveness of monitoring activities in internal audit. Empirical material for analysis was collected as part of interviews conducted in Poland, with respondent base represented by 28 internal auditors employed in 30 organizations. The results of the study indicate that, of all the identified determinants of monitoring activities in internal audit, the support of the senior management turned out to be the most common. Surprisingly, the respondents did not perceive the relationship between the effectiveness of monitoring activities and the critical role of CAE and the skills of internal auditors. The respondents also seemed largely unaware of the role and significance of such factors as risk oriented audit, effective audit committee support, and board support.