The Future of Internal Audit Profession: Scenario Analysis Method

Document Type : Research Paper

Authors

Department of Accounting, Marand Branch, Islamic Azad University, Marand, Iran

10.22059/ijms.2025.372029.676518

Abstract

Background and Objectives: Future research reflects how the reality of “tomorrow” is born from the changes (or stability) of “today.” The uncertainty regarding the future justifies some lack of foresight and presents a precious opportunity for others. As is known, an internal audit (IA) is performed by controlling financial resources in organizations and companies to prevent financial problems and errors, as well as their consequences. This study investigates the future trajectory of IA to preemptively address potential challenges, anticipate forthcoming developments, and formulate strategic responses. Design/methodology/approach: A general outline of the future of IA was outlined using the scenario analysis method. The invited participants from the public sector, including university professors, researchers, and IA directors (2020), were selected as a cluster, totaling 30 participants. They exchanged views through the formation of specialized working groups, leading to the outcomes of the workgroup. Findings: Based on cluster and scale analysis methods, five possible scenarios were outlined regarding the state of the IA profession. The results of the research indicated that the propulsion of laws will play the most significant and effective role in the future of the IA profession, followed by the development of IT platforms for IA. Originality/value: The findings of the present study will enhance IA among its stakeholders by predicting possible events and providing solutions to eliminate them in the form of five scenarios.

Keywords

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References

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Interdisciplinary Journal of Management Studies
Volume 18, Issue 3
July 2025
Pages 441-455

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