INTERNAL AUDIT AS A PILLAR OF CORPORATE GOVERNANCE: A LITERATURE REVIEW by Kiet Tumiwa, Novy J. Kasenda , Treesje A.C. Langi, Rolina E. Manggopa, Selvie J. Nangoy, Deisy Lusiana, Elisabeth D. Malonda, Scientific Research Journal (Scirj), Volume XIII, Issue IX, September 2025 Edition

Scirj Volume XIII, Issue IX, September 2025 Edition
ISSN: 2201-2796

INTERNAL AUDIT AS A PILLAR OF CORPORATE GOVERNANCE: A LITERATURE REVIEW

Kiet Tumiwa, Novy J. Kasenda , Treesje A.C. Langi, Rolina E. Manggopa, Selvie J. Nangoy, Deisy Lusiana, Elisabeth D. Malonda

Abstract: In an era of increasingly complex global business competition, good corporate governance (GCG) is a crucial factor in maintaining the sustainability and competitiveness of organizations. Internal audit, as an independent and objective function, plays a strategic role in supporting the implementation of GCG by strengthening transparency, accountability, risk control, and fraud prevention. This study aims to comprehensively examine the role of internal audit as a key pillar of corporate governance using a literature review method. Data sources were obtained from textbooks, journal articles, and professional standards, such as the International Professional Practices Framework (IIA, 2017) and the OECD Principles of Corporate Governance (OECD, 2015). The analysis was conducted using a content analysis approach to identify key themes, categorize internal audit contributions, and evaluate implementation challenges. The study results indicate that internal audit is no longer limited to a compliance function but has transformed into a strategic partner of management oriented towards value-added creation. However, there are a number of challenges, such as limited independence, internal resistance, and competency demands in the digital era. This study confirms that optimizing the role of internal audit is key to strengthening sustainable corporate governance, while also opening up space for further research related to digitalization and the role of internal audit in sustainability governance.

Reference this Paper: INTERNAL AUDIT AS A PILLAR OF CORPORATE GOVERNANCE: A LITERATURE REVIEW by Kiet Tumiwa, Novy J. Kasenda , Treesje A.C. Langi, Rolina E. Manggopa, Selvie J. Nangoy, Deisy Lusiana, Elisabeth D. Malonda published at: "Scientific Research Journal (Scirj), Volume XIII, Issue IX, September 2025 Edition, Page 6-10 ".

Search Terms: Internal audit, Good Corporate Governance, Transparency, Accountability, Sustainability Governance

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