International Journal of Network Security & Its Applications (IJNSA)
ISSN: 0974 - 9330 (Online); 0975 - 2307 (Print)
ISSN: 0974 - 9330 (Online); 0975 - 2307 (Print)
Webpage URL: https://airccse.org/journal/ijnsa.html
Strategic Management of the Internal Audit Function in the Transition to a Realtime Mode
Eshan Nabeel, UAE
Abstract
Internal audit of digitally integrated business processes, transactional data flows, and related control environments is undergoing transformation from periodic review toward near real time assurance. Drawing on Agency Theory and Institutional Theory, the study is oriented toward managerial practice and is based on theoretical generalization and analytical interpretation of contemporary approaches to continuous auditing under accelerating digital business processes. The research addresses the critical intersection of data governance, information security, and assurance frameworks essential for organizations operating in digitally interconnected environments. The limitations of the traditional internal audit model based on periodic reviews and sample based testing are examined, and the need to move toward a more dynamic form of assurance that enables timely risk identification is substantiated. Central attention is given to the managerial dimension of internal audit transformation, including changes in the role of the function, revisions of the organizational model, data and technology governance frameworks, competency requirements, and safeguards for preserving independence. The study demonstrates that the practical effectiveness of near real time auditing is determined not by the level of analytical tool adoption, but by their integration into a reproducible control loop with formalized response and escalation conditions. From an operational perspective, such a control loop requires the integration of enterprise data infrastructures with automated monitoring mechanisms. In practice, this involves the use of enterprise resource planning (ERP) systems, security monitoring platforms, and data governance procedures that enable near real time access to transactional information while maintaining strict access controls. The effectiveness of this architecture depends on the coordination between internal audit, information security teams, and data governance structures. Particular emphasis is placed on the cybersecurity and data integrity prerequisites that must be established before continuous monitoring capabilities can be safely deployed. Managerial effects of the transformation related to expanded audit coverage and increased relevance of audit findings are analyzed. Institutional constraints on scaling are also considered, arising from requirements for data controllability and the preservation of the independent status of the internal audit function.
Keywords
internal audit, continuous auditing, strategic management, organizational model, audit independence
Abstract URL: http://aircconline.com/abstract/ijnsa/v18n2/18226ijnsa03.html
Original Source URL: https://aircconline.com/ijnsa/V18N2/18226ijnsa03.pdf
Volume URL: https://airccse.org/journal/jnsa26_current.html
