Abstract

Accountants in Public Practice Environment such as those working in the Big Four firms or some mid-tier firms or Professional accountants in business (PAIB) employed by private sector businesses, offer a wide array of specialised services in the domain of business advisory and consulting, audit and assurance, financial management, taxation services, forensic accounting, internal audit services. Internal audit is gaining playing unprecedented significance in risk management and business assurance. It is the systematic approach to effective risk management, review of internal control, information and control of business and Governance processes. This study tries to assess Internal Auditors’ role in Accounting Work Environment with respect to international Corporate Governance recommendations including the Sarbanes–Oxley Act (2002), EU Transparency Directive (2013), OECD Principles (2015), UK FRC Corporate Governance Code (amended 2018), ASX Corporate Governance Council, Corporate Governance Principles and Recommendations (ASX Principles, 2019).