Comparative study between the Nordic countries: The development of internal auditing within the public sector in the Nordic countries
The Nordic countries cooperate in many levels of policy work and between state and local governments. Internal auditors in Nordic public sector have started to work together to strength good governance and raise awareness on internal auditing. In order to know the present state of internal auditing in public sector we performed a comparative study.
In June 2018 an article “comparative study between the Nordic countries: The development of internal auditing within the public sector in the Nordic countries” was published at the university journal, Icelandic Review of Politics and Administration in June 2018.
It is the first time a comparative study like this has been done on the status of the internal audit in public sector in the Nordic countries.
The subject of this enclosed article is a comparative study about the current status of internal audit within the public sector in the Nordic countries. The status of internal audit within each country, Denmark, Finland, Iceland, Norway and Sweden, is presented and also the regulatory basis, laws and regulations, for internal audit and the main challenges that internal auditing faces. Finally, the opportunities for further development of internal audit in the public sector are addressed. The International Standards for Internal Auditing are generally recognized and more or less applied in all the Nordic countries.
There are differences between these countries in their approach of the regulatory framework for internal audit, resources and the arrangement of the operation of internal audit units. One of the findings is that a further development of internal auditing should be pursued in cooperation and to harmonize the regulatory bases in these countries and to learn from each other when implementing internal audit in the public sector.
Enclosed is the link of the study http://www.irpa.is/article/view/a.2018.14.2.2/pdf and pdf file.