Transforming the Internal Audit Function (IAF): An Integrated MICMAC-ISM Approach for Unravelling the Relationship Among Challenges

Transforming the Internal Audit Function (IAF): An Integrated MICMAC-ISM Approach for Unravelling the Relationship Among Challenges

Ramadhan, M.G. (TU Delft Information and Communication Technology)
Janssen, M.F.W.H.A. (TU Delft Engineering, Systems and Services)
van der Voort, H.G. (TU Delft Organisation & Governance)

Janssen, Marijn (editor)
Matheus, Ricardo (editor)
Pinheiro, Luiz (editor)
Frankenberger, Fernanda (editor)
Dwivedi, Yogesh K. (editor)
Pappas, Ilias O. (editor)
Mäntymäki, Matti (editor)

Engineering, Systems and Services

2023

The transformation toward the use of data analytics requires overcoming many challenges. Nevertheless, the interconnections between the challenges are unclear. Gaining knowledge about these interconnections is important to prioritize strategies that aim to stimulate the transformation. This paper unravels the relationship among Audit Analytics (AA) implementation challenges to transform the Internal Audit Function (IAF) using Matrice d’Impacts Croisés Multiplication Appliqués à un Classement (MICMAC) – Interpretative Structural Modelling (ISM) (or MICMAC-ISM) to develop a hierarchical model and determine the relationships among the challenges and the degree of power of each challenge. We collect data from internal auditors experienced in using audit analytics. They suggest that cultural challenges, along with technical challenges, are critical for enabling transformation. Moreover, combinations of approaches are required to address the complex interrelationships among challenges to initiate transformation. The analysis suggests that AA implementation requires a top-down approach to address cultural challenges blended with a bottom-up strategy to overcome technical challenges.

Audit Analytics
Internal Audit Function
MICMAC-ISM
Transformation

http://resolver.tudelft.nl/uuid:6a89a445-e792-4b68-9a7b-2568cff04a33

https://doi.org/10.1007/978-3-031-50040-4_11

Springer

2024-06-15

978-3-031-50039-8

New Sustainable Horizons in Artificial Intelligence and Digital Solutions - 22nd IFIP WG 6.11 Conference on e-Business, e-Services and e-Society, I3E 2023, Proceedings: New Sustainable Horizons in Artificial Intelligence and Digital Solutions., 14316

Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), 0302-9743, 14316 LNCS

Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.

Institutional Repository

conference paper

© 2023 M.G. Ramadhan, M.F.W.H.A. Janssen, H.G. van der Voort