Internal audit function from the internal audit managers view: Classical method of grounded theory

Internal auditing is conducted in a variety of legal and cultural environments, and for organizations with different goals, sizes, complexity and structure, both internally and externally. According to the adoption of the internal control instruction of the stock exchange in 2012 and the formation of Internal Auditors Association at the same year, internal audit profession in Iran seems new. In this study, by adopting a qualitative research approach and using the classical method of grounded theory, we examine the perception of internal audit from internal audit managers point of view as professional executives of internal auditing profession, and its compliance with The Institute of Internal Auditors standards. The results of the survey indicate that from internal audit managers view in Iran, there is a divergence of internal audit function from the definition of internal audit in The Institute of Internal Auditors standards and the need to redefine it in Iran.