A vital component of assuring organizational effectiveness, compliance, and

risk management are internal audit functions. This paper explores the many

perceptions of internal audit positions, their value, and the evaluation techniques

used. This study seeks to offer an in-depth review of the advantages, disadvantages,

strengths, and weaknesses of the internal audit context.

The passage under the literature review offers a thorough overview of the

Internal Audit Function (IAF), covering its history, responsibilities, efficiency, and

assessment approaches. It successfully combines research and reports, showing

that it has a solid grasp of the historical context and regulatory developments. The

study, however, lacks depth because it does not critically assess the methodology

utilized in the referenced studies or combine opposing points of view to provide a

more comprehensive picture. The evaluation lacks diversity in stakeholder

perspectives and mostly concentrates on the perspectives of the chairs of audit

committees and chief audit executives. Additionally, the review's theoretical base

and present relevance are weakened by the lack of a distinct theoretical framework

and somewhat dated data (from 2000 to 2010). The literature review could gain from

a more critical evaluation of methodology, information synthesis, inclusion of various

viewpoints, incorporation of contemporary research, and the development of a strong

theoretical framework to improve the review's breadth and depth.

Moreover, the article employs a comprehensive research design,

incorporating qualitative and quantitative methods. This approach enhances the

depth of the study, providing a well-rounded view of the subject matter. An extensive

examination of the roles, effectiveness, and evaluation of the Internal Audit Function

(IAF) is offered in the paper that is provided. Although the content is dense with

technical details and references, readers, particularly accounting students, find it

uninteresting. The article might use more background information and explanations

because it makes certain assumptions about past knowledge. Additionally, some

readers could find it difficult to understand due to the sophisticated vocabulary and

long words. The article's accessibility is additionally constrained by the lack of visual

aids and a transparent research process. The article's clarity and instructional value

for a wider readership would be increased by including real-world examples, deriving

technical jargon, outlining a straightforward research methodology, using visuals,

and balancing the language complexity.

Furthermore, the article offers insightful information on the functions, efficacy,

and evaluation techniques of Internal Audit Functions (IAF) within firms. The study

examines the roles played by IAF in risk management, compliance, assurance, and

consultancy while taking into account recent organizational changes and legislative

changes by conducting interviews with important stakeholders such as Audit

Committee Chairs and Chief Audit Executives. The study provides a thorough

understanding of the current roles of the IAF and foresees trends, however, it fails to

provide specific methodological details and a solid theoretical foundation. The

study's contributions to the subject of internal auditing and corporate governance

should be further enhanced by increasing the sample size, improving methodological

transparency, fortifying the theoretical underpinning, and carrying out comparative

studies.

In conclusion, the reviewed paper examines internal audit functions (IAF) in

risk management, compliance, and organizational success. Although it offers a

historical background and a regulatory backdrop, the methodology review lacks

critical analysis and depth. Although the study uses both qualitative and quantitative

approaches, its technical difficulty and lack of accessibility prevent it from being of
interest to a wider readership, particularly students. Future research should address

these drawbacks for a more refined knowledge of IAF and its function in corporate

governance, focusing on multiple stakeholder viewpoints, real-world examples, and a

clearer research methodology. This would increase the impact of the study.