Internal audit in charities: a revolution still awaited

Abstract

Charities are now big business in the UK, responsible for delivering major welfare services. The regulatory structure has been improved and a new radical accounting standard has been introduced. Little research, however, has occurred on the number of large charities that have internal audit and how such functions operate. Makes an extensive review of the literature and also reviews two major studies in this area in 1987 and 1991. Asks how representative are their findings in 1995? Makes a report on recent qualitative research reviewing these reports. Concludes that internal auditing will not be more widespread in larger charities unless an expectations gap is overcome and an educational initiative coupled with recommendations from the regulator is made.

Citation

Palmer, P. (1996), "Internal audit in charities: a revolution still awaited", Managerial Auditing Journal, Vol. 11 No. 6, pp. 11-17. https://doi.org/10.1108/02686909610125122