Internal Auditing by Southeast Asian Governments: Differences and Similarities
The services and role of the internal audit function is consistently defined across the member states of the Association of Southeast Asian Nations but significant variation exists in regard to professional practices and the management of people and performance.
The academic study, Internal Audit Maturity in the Public Sector in ASEAN- Insights from the study of Internal Audit function in Selected Central Banks, examined the maturity of the internal audit function in the public sector in the member states of the Association of Southeast Asian Nations (ASEAN) by benchmarking the function with the Institute of Internal Auditors’ Capability Model for the public sector. Benchmarking the function enables us to understand the current capabilities of the internal audit function and the steps needed to enhance its capabilities. Considering the diversity in political, socio economic and governance structures in ASEAN, it becomes imperative that examining an organization that is critical to its nations’ interests, provides insight into the internal audit function in the public sector, and at the same time helps draw meaningful comparisons across ASEAN Member States. Central bank for the purpose of this study is the most appropriate institution.
Governance and public sector management
Last updated: February 2017
The views expressed in these articles are those of the authors and do not necessarily reflect the views of the Asian Development Bank, its management, its Board of Directors, or its members.