A Greek Perspective on the Decision to Outsource or Retain the Internal Audit Function

Abstract

In the conduct of an organisation’s myriad activities, obtaining value for money is a crucial consideration, and over the years this has increasingly encouraged businesses to examine both the effectiveness and efficiency of outsourcing specific business functions. Historically, concern was with more‐or‐less peripheral activities where the cost advantage of outsourcing was readily ascertainable. But more recently attention has increasingly been directed towards more fundamental business activities where consideration of mere cost is supplanted by aspects of quality, and the recognition that greater external quality of provision might well override mere considerations of economy.

Citation

Galanis, A. and Woodward, D.G. (2006), "A Greek Perspective on the Decision to Outsource or Retain the Internal Audit Function", Journal of Applied Accounting Research, Vol. 8 No. 1, pp. 1-71. https://doi.org/10.1108/96754260680001044