Internal Audit Active Ingredient in Reform Mix

Vallario, Cynthia Waller
June 2003
Financial Executive;Jun2003, Vol. 19 Issue 4, p26
Academic Journal
The article reports on internal auditing in corporations. Shareholders expect audit committees to be effective at monitoring financial reporting for the corporate boards that have hired them. In turn, members of the auditing team rely on upper management to discover risks and understand controls for good risk management. An internal auditor not only evaluates past performance, but they also must possess an integral and equal component of corporate oversight. Internal auditing can be the most effective way to assess internal controls and help focus attention on any vulnerabilities and how to fix them. The internal audit team operates and examines the internal control program.


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