In a review
of internal audit research, Gramling, Maletta, Schneider,
and Church (2004) discuss studies relating to internal
audit reliance. This paper not only reports findings from
academic research studies, but extends the discussions in
Gramling et al. (2004) by analyzing professional auditing
standards as well as practice-oriented literature and surveys.
In addition, this paper contributes to the internal
audit reliance literature by developing decision aids. These
decision aids should help to implement the regulated
standards.