Factor Structure of the Competency Framework for Internal Auditing (CFIA) Skills
for Entering Level Internal Auditors
Inshik Seol, Joseph Sarkis and Frank Lefley
International Journal of Auditing,
Vol. 15, No. 3, 217-230, 2011.
Recently, the Institute of Internal Auditors (IIA) published a framework that
summarized a listing of competency standards, Competency Framework for Internal
Auditing (CFIA) (Birkett et al. 1999), and discusses the attributes required by
all internal auditors to endure a high level of professional competence. One of
the biggest concerns in the application of the framework is the onerous number
of potential factors to consider.
In this
paper, using factor analysis, we attempted to reduce the number of skills while
maintaining the overall significance of the original framework.
This study is a contribution to both academic research and practitioner
application. For the former, researchers can revisit the internal auditor selection models previously developed and reformulate, if necessary, and apply those models to more empirical research using the reduced number of
factors discussed in this paper. For the latter, organizations can further
streamline their decision processes by utilizing a more
focused set of factors for internal auditing personnel selection.
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