Internal audit in the public sector – comparative study between the Nordic countries: The development of internal auditing within the public sector in the Nordic countries

• Published in: Veftímaritið Stjórnmál og stjórnsýsla
• Main Authors: Anna Margrét Jóhannesdóttir, Stina Nielsson Kristiansson, Niina Sipiläinen, Riikka Koivunen
• Format: Article in Journal/Newspaper
• Language: English; Icelandic
• Published: University of Iceland 2018
• Subjects: Internal audit; public sector; control; Nordic countries; Political institutions and public administration (General); JF20-2112; Political science (General); JA1-92; Norway; Iceland
• Online Access: https://doi.org/10.13177/irpa.a.2018.14.2.2; https://doaj.org/article/0b5a926ecc8844879c1b052e29436aff

The subject of this paper is a comparative study about the current status of internal audit within the public sector in the Nordic countries. The aim is to understand the basis and recognize trends in the development of internal audit in the public sector in these countries. The status of internal audit within each country, Denmark, Finland, Iceland, Norway and Sweden, is presented and also the regulatory basis, laws and regulations, for internal audit and the main challenges that internal auditing faces. Finally, the opportunities for further development of internal audit in the public sector are addressed. The International Standards for Internal Auditing are well recognized and in use in all the countries. There are differences between these countries in their approach of the regulatory framework for internal audit and the arrangement of the operation of internal audit units. Therefore, further development of internal auditing should be pursued in cooperation and to harmonize the regulatory bases in these countries and to learn from each other when implementing internal audit in the public sector.