The market, not the regulator, attempts to enforce upon listed companies the "principles" of the UK Combined Code. Even though audit committees feature in the UK Code only at the level of discretionary "provisions", almost all listed companies have audit committees. The responsibilities of audit...

Purpose –The purpose of this paper is to analyse and comment on recent enhanced pronouncements on internal auditing. Design/methodology/approach – The paper uses content analysis of five 2012-2013 sources of guidance, set out in the tables of this paper and summarised within the text,...

Purpose –The purpose of this paper is to explore how internal auditing may recover from being one of the corporate governance gatekeepers that failed to prevent the global financial crisis. Design/methodology/approach –This paper draws on the theory of professions and provides a brief...