Journal of Accounting, Finance & Management Strategy





Volume 17, Number 1, June 2022

What are the factors behind the external auditor's consideration of internal audit work in Cameroon?


The internal auditor works within a company where he is responsible for examining the entire operation to detect defects and risks that may affect its results. To do this, he needs a certain number of qualities. The objective of this study is to identify the determinants of the external auditor's consideration of internal audit work in Cameroon. To this end, a questionnaire survey was conducted in the cities of Douala and Yaoundé between May and June 2021 among a sample of 70 audit firms. For the data analysis, we used Principal Component Analysis (PCA) to construct the indices related to the qualities of the internal auditor and multiple regression using the Ordinary Least Squares (OLS) method to estimate the parameters. The results reveal three main factors favoring the consideration of internal audit work by the external auditor in Cameroon. These are the objectivity of the internal auditor, the competence of the internal auditor, and the risk inherent in the firm.

Keywords: Consideration of Internal Audit Work, Determinants, Internal Auditor, External Audit, Complementarity Theory

JEL Classification: G20, M41, M42, Z23