Internal Audit Practices of a Construction Company in Shanghai, China : Basis for an Action Plan

The intention of the study was to determine the extent of internal

audit practices' implementation in a construction company. This study

employed a descriptive research design in which the research aimed

to describe the extent to which the internal audit practices were being

implemented construction company in Shanghai, China, in terms of the

following sections: audit professionalism; performance audit; operating

environment; and leadership and communication. Moreover, regarding

the following areas of applied knowledge: professionalism, performance,

environment, leadership, and communication, the objective of the

study was to ascertain the level of competency of internal auditors. A

total of 319 respondents were asked to voluntarily participate in the

research study from a construction company. According to the internal

audit practices' findings, the most extensively employed sections were

operating environment and audit professionalism. Although the results

indicated reasonable implementation, there were still inadequacies in

the leadership and communication, and performance audit.