QSIA 2 mandates independent Peer Review (often regulatory) and Third-Party Assessments (voluntary) of internal audit functions to ensure compliance with ICAI Standards, ethical practices, and ...

The great majority of chief audit executives acknowledge that the internal audit function at their organization needs to be improved, according to a new survey. The survey, by Ernst & Young, polled ...

SIA 310 guides internal auditors on engagement-level reporting, ensuring compliance with Standards on Internal Audit while communicating findings, recommendations, and management ...

Please note: This item is from our archives and was published in 2004. It is provided for historical reference. The content may be out of date and links may no longer function. As a follow-up to the ...

For any business or organisation, there will always be risks that could ultimately tarnish its reputation, dampen stakeholder confidence or in worst case scenario, sink the organization/business. Top ...

Paul Demastus is a partner in the accounting and assurance practice and public company segment leader at LBMC. Contact Paul at [email protected] or 615-309-2229. The creation of an internal audit ...

May is Internal Audit Awareness Month. On the off chance that didn’t make it onto your calendar, I’d like to make the case that rethinking internal audit’s potential is time well spent. While ...

An accounting audit performs a necessary function of assuring that a company not only is being truthful in its financial reporting but also that the company's operations are working as intended.

FOR such a critical function, internal audit is too often regarded as simply a box to tick on management's list of operational things to do. In actuality, the Singapore Code of Corporate Governance ...

Internal auditing is an independent appraisal function that is performed in a wide variety of companies, institutions, and governments. What distinguishes internal auditors from governmental auditors ...