The dilemma of internal audit function adaptation: The impact of ERP and corporate governance pressures

The expanding opportunities for the IAF have been highlighted through the increased interest in better corporate governance practices (Ebaid, 2011). This claim is supported by real-life cases which elucidate clearly the implications of underestimating the role that the IAF can and should play (Boyle, 2012). Moreover, CG creates heated debate since noticeable failures of accountability have been highlighted by the financial scandals and the economic crisis. Certainly, the IAF has attracted the attention of boards those face external pressure for assurance about corporate governance practices. Internal auditing is receiving attention unlike ever before (Carcello et al., 2005). For over a decade, the global emphasis on the need for sound corporate governance triggered an increased interest in the IAF’s legitimacy (Radu, 2012; Ebaid, 2011; Goodwin and Yeo, 2001).