Cornelius, James; Grobstein, Michael
July 1986
FE: The Magazine for Financial Executives;Jul/Aug1986, Vol. 2 Issue 7/8, p4
Trade Publication
The article focuses on the role of internal audit in the control of overseas operations. Many corporate directors, as well as chief financial officers, believe that internal auditors should focus on control effectiveness rather than operating efficiencies. There are significant benefits to be gained from integration of audit efforts at operations outside the U.S. Once a decision is made for internal audit to become involved in audits of operations outside the U.S., the next step is to set priorities. Some companies are challenging the cost effectiveness of maintaining an internal audit function, and others have concluded that their external auditors may be able to do the job for less.


Related Articles

  • IN AT THE BEGINNING. Meall, Lesley // Accountancy;Jul1992, Vol. 110 Issue 1187, p59 

    This article focuses on ways for minimizing risks of information technology (IT) mismanagement. British are spending over £10 billion a year on information technology. But research has indicated that as many as 40 per cent of IT systems fail to meet business requirements and only 11 per cent...

  • Internal auditors.  // Accountancy;Apr1973, Vol. 83 Issue 956, p7 

    Reports on the progress of a certification program introduced by the British Institute of Internal Auditors of upgrading the professional status of the internal auditor. Recognition of the professional qualifications of internal auditors; Aims of the program.

  • Meet the internal auditor -- he doesn't just tot up the petty cash. Johnstone, Andrew // Accountancy;May81, Vol. 92 Issue 1053, p107 

    Discusses the roles and responsibilities of internal auditors. Improvement of internal controls; Evaluation of all internal systems and procedures; Protection of the assets of the organization; Recommendations for cost reduction or profit amelioration.

  • INTERNAL AUDIT IN 2015. Millage, Anne // Internal Auditor;Dec2014, Vol. 71 Issue 6, p7 

    An introduction is presented in which the editor discusses various reports within the issue on topics including interview of internal audit experts, technology expertise and knowledge of data analytics.

  • THE POWER OF THREE. MCCOLLUM, T. // Internal Auditor;Apr2014, Vol. 71 Issue 2, p17 

    The article reports on the highlights of the 2014 North American Pulse of the Profession study on internal audit's responsibilities, including the percentage of organizations who have not sufficiently defined the responsibilities for their various lines of defense, percentage of organizations...

  • Audit Committee Composition, "Gray Directors," and Interaction with Internal Auditing. Raghunandan, K.; Read, William J.; Rama, Dasaratha V. // Accounting Horizons;Jun2001, Vol. 15 Issue 2, p105 

    This study examines the association between audit committee composition and the committee's interaction with internal auditing. Our results, based on responses from chief internal auditors of 114 public companies, indicate that committees comprised solely of independent directors and with at...

  • Orange County IIA Chapter recommends CIA for job. Chapman, Christy // Internal Auditor;Aug95, Vol. 52 Issue 4, p9 

    Reports on the suggestion made by the Orange County Chapter of The Institute of Internal Auditors (IIA) to California's CEO William Popejoy to appoint an internal audit director (IAD) as the certified internal auditor (CIA) to do the controller's operation. Creation of Audit Committee;...

  • Roundtable. Keys Jr., E. Theodore // Internal Auditor;Dec95, Vol. 52 Issue 6, p67 

    Focuses on internal auditing work done by the different chapters of the Institute of Internal Auditors. Includes reimbursement of expenses; Review of telephone charges; Reclassification of assets.

  • IIA-U.K. lobbying efforts succeed.  // Internal Auditor;Aug96, Vol. 53 Issue 4, p10 

    Reports on the success of the Institute of Internal Auditors (IIA) of Great Britain in lobbying the Parliament to approve reforms that increase the independence of internal auditors in local government. Transfer of the responsibility for internal audits of councils from the council's finance...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics