IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6239-719-4_47.html

The Evolution of Internal Audit’s Role in Enterprise Risk Management: Integration of Theoretical Development and Empirical Evidence

Author

Listed:
  • Xiwen Liang

    (Dongbei University of Finance and Economics, School of International Business)

Abstract

Against escalating business complexity and global uncertainty, internal audit’s role in enterprise risk management (ERM) has profoundly evolved from a financial compliance watchdog to a strategic risk advisor and integrator. This paper systematically reviews the theoretical evolution of this role and synthesizes cross-country, cross-industry empirical evidence. The findings reveal that internal audit’s expanded functions—core assurance, legitimate consulting, and strategic integration—significantly enhance ERM effectiveness, organizational resilience, and governance quality, while reducing operational and financial risk. However, persistent challenges include role ambiguity, competency gaps, resource constraints, and integration barriers across diverse contexts. By providing an integrated framework of this evolutionary path, this study addresses the fragmentation in existing research and offers actionable insights for optimizing internal audit’s contribution to modern ERM systems, while identifying critical gaps for future research.

Suggested Citation

  • Xiwen Liang, 2026. "The Evolution of Internal Audit’s Role in Enterprise Risk Management: Integration of Theoretical Development and Empirical Evidence," Advances in Economics, Business and Management Research,, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6239-719-4_47
    DOI: 10.2991/978-94-6239-719-4_47
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6239-719-4_47. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.