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External auditors who have been involved in audit for over a number of years may face potential over familiarity threat and this may reduce the quality of their work. So to solve this a different audit team with different partner should be lined up for the next audit job.
My question is: Do internal auditors face a similar problem after working in the same office for several years ? Do they face familiarity threat too in this case ? If yes, how can this threat be solved ?
Internal auditors face all sorts of other threats eg self interest: they are employees of the company. Ideally, if large enough, the IA team department should be broken up into teams and different teams visit different departments each year. However, in small companies I don’t think there is any easy way to avoid familiarity – unless you sack the internal auditor and get another one!
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