This paper attempts to critically review literature on internal audit
effectiveness. Some empirical findings were selected for the study. It was
revealed that studies concentrated on public sector organizations. Also,
internal auditors’ attributes were identified as the key for the measurement of
internal audit effectiveness and that the？relationship of internal auditors and external
auditors, chief audit executives and senior management play a pivotal role in
internal audit effectiveness. It is
recommended that research in internal audit effectiveness should encapsulate
empirical studies in the private sector organizations; comparative analysis of
private and public sector organizations; attributes of internal auditors as the
core measurement; and the relationship and/or causality of management support
and internal audit effectiveness. Additionally, relationship of internal
auditors with others including external auditors, chief audit executives and
senior management should be emerging areas of research in internal audit
effectiveness.
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