Original Research Article | OPEN ACCESS
Professionalisation of Internal Auditing: A vision or mere Supposition?: Insights from a Developing Economy - Nigeria

Titus Babatunde ADEJUMO1 Abiodun Wasiu SANYAOLU2 Abiola Mukaila TONADE3

1Osun Debt Management Office, Abere, Osogbo, Osun State, Nigeria; 2,3Department of Accounting, Crescent University, Abeokuta, Ogun State, Nigeria.

For correspondence:-  Titus ADEJUMO   Email: babatundeadejumo@yahoo.com

Received: June 8, 2020        Accepted: August 8, 2020        Published: September 30, 2020

Citation: ADEJUMO TB.SANYAOLU AW.TONADE AM. Professionalisation of Internal Auditing: A vision or mere Supposition?: Insights from a Developing Economy - Nigeria. Account Tax Rev 2020; 4(3):77-92 doi:

© 2020 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..


Whereas the distinctions between internal and external audit are unambiguously established in the literature, and the two types of audit are generally referred to as audit,internal auditing practitioners worldwide are however continuously advocating for a separate identity for themselves. Incidentally, The Institute of Internal Auditors (IIA), a global internal auditing professional body established in the U.S. in 1941 is championing this advocacy. Seventy-nine (79) years after its formation, however, it seems the Institute is still grappling with the issue of professionalisation of internal auditing and the accomplishment of the desired status for the internal audit practitioners globally. This exploratory study traces the various developments in the practice of internal auditing, the IIA’s push for improved status for internal auditing practice reflects on the current status of internal audit practices within the context of a developing economy-Nigeria. It also offers some practical thoughts on how the professionalisation agenda of internal auditing can be achieved in the country.

Keywords: Internal auditing, external auditing, IIA, internal auditors and internal audit function

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