Professional power of internal audit

The professional power of internal auditing by a professional thinking and within the framework of economic logic, the supervising function of internal auditing can be executed only when the internal auditing possesses the professional power to perform its duties effectively in necessary occasions through observing professional standards to provide benefits to public community and help its own organization.
The objectives of this study has been to identify the factors affecting professional power of internal auditing and the current status of such factors in Iran. Considering the nature of the research, two kinds of research plan has been applied. In the first research plan, through a descriptive field survey, 30 factors affecting the professional power of internal auditing have been identified and their affecting mechanisms have been described. In the second research plan, a correlation research plan has been used to gather historical evidences to serve as scientific support for the first research plan.
Based on the findings of research, in view of the experts of the profession, the found results indicate general effects of these factors on professional power of internal auditing.the internal auditing assistance in preparing financial statements has a positive and meaningful effect on professional power of internal auditing and each of these power factors are considered to some extent effective in experts’ opinions and considered effective by organizations.
According to the results, the internal auditing assistance has a negative effect on auditing fees and by increasing the power of internal auditing the relevant fees will be reduced.