Educating internal auditors in New Zealand.
Internal Auditor › Vol. 49 Nbr. 5, October 1992
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Summary
Includes related article
The New Zealand chapter of the Institute of Internal Auditing (IIA-NZ) serves as a major participant in current efforts to establish a formal education policy for the nation's internal auditors. Together with Massey University, the IIA-NZ has sought to provide internal auditors with means for furthering their education beyond the undergraduate degree through short courses and seminars, as well as specialist and post-graduate education. These programs, along with familiarization and orientation materials, constitute the education requirements of members of the IIA-NZ under a formal four-stage education policy. The IIA-NZ's and Massey University's efforts are hoped to assist internal auditors in becoming major contributors to the increased efficiency of their organizations. Three of the required courses for an internal auditing degree from Massey University are also discussed.See the full content of this document
Extract
Educating internal auditors in New Zealand.
SIX YEARS AGO THE ACCOUNTING FACULTY AT MASSEY UNIVERSITY INTRODUCED AN UNDERGRADUATE PROGRAM IN INTERNAL AUDITING, THE FIRST IN NEW ZEALAND. JIM DAVIS OF CLEMSON UNIVERSITY RECENTLY SPENT SEVEN MONTHS AS A VISITING PROFESSOR AT MASSEY. FIN HAMILTON, DAVIS' HOST FACULTY MEMBER, IS WIDELY REGARDED AS ONE OF THE INNOVATORS AND MOTIVATORS BEHIND THE ADVANCES IN INTERNAL AUDITING EDUCATION IN NEW ZEALAND. THE PERSPECTIVES OF DAVIS AND HAMILTON ILLUMINATE SOME OF THE FORCES SHAPING THE DEVELOPMENT OF THE PROFESSION AND ITS KIWI PRACTITIONERS.
NEW ZEALAND'S small, mixed economy has a strong bias toward agricultural industries (particularly sheep related). Its domestic market of around three million people (and 64 million sheep) has traditionally been protected by tariff and quota barriers. Since 1984, however, the economy has been progressively deregulated. The emphasis has been on "devolution" and "privatization," in the hope that market forces could reform the ailing economy. Prior to 1984, the country's public sector was generally acknowledged to be overmanned and inefficient. Most internal auditors were public sector employees, primarily involved in compliance-oriented, "office inspectorate" activities. In the private sector, internal audit was generally viewed as an adjunct to the external financial audit, with the objective of minimizing the audit fee, although more progressive businesses were beginning to employ "operational" auditors; and the NZ A...See the full content of this document
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