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The Role of Internal Auditors in Mergers, Acquisitions and Divestitures: An International Study
Author(s) -
Selim Georges M.,
Sudarsanam Sudi,
Lavine Mike
Publication year - 2003
Publication title -
international journal of auditing
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.583
H-Index - 21
eISSN - 1099-1123
pISSN - 1090-6738
DOI - 10.1046/j.1099-1123.2003.00072.x
Subject(s) - divestment , accounting , business , internal audit , mergers and acquisitions , audit , finance
This paper presents the results of a survey‐based study into the role played by internal auditors in Mergers, Acquisitions and Divestitures (M, A & D). The research, funded by the IIA‐ Research Foundation, was carried out during the years 2000 and 2001 and involved interviews in 22 organisations spanning 6 countries. The findings indicate that internal auditor's involvement in M, A and D can only be described as moderate. However, the study also shows that internal auditors see themselves capable of playing a larger role, a view supported by senior executives in other functions in these organisations. The study sets out the pre‐requisites for internal auditors expanded role and discusses the means of achieving this.