Internal Audit

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Internal Audit

An inspection and verification of the financial records of a company or firm by a member of its own staff to determine the accuracy and acceptability of its accounting practices.

References in periodicals archive ?
His Job: As internal audit director for the University of Arkansas System, Flournoy monitors and analyzes the UA's internal control structure and directs internal audits and coordinates external audit contracts over the UA System's $3.
In the Middle East opportunities exist for internal audits to take a lead in risk awareness
A majority of respondents stated organizational and cultural resistance as the most common barriers to internal audits active involvement in a fully comprehensive risk management function, followed closely by lack of internal audit resources and expertise.
CPA, for tips on how CPAs who oversee or conduct internal audits can take their group to the next level:
External auditors may rely on work already done in internal audits relating to testing of internal controls or testing of accounts or transactions;
Bristow * No specific mention of * Internal audits Group, Inc.
Ensure that the internal audits conducted by the Office of Internal Auditing conform to the Institute of Internal Auditors' international standards for the professional practice of internal auditing and to the Institute's code of ethics
Every school district must be able to do internal audits.
Findings of internal auditors were either ignored, especially when red flags were raised, or the responsibility for internal audits was outsourced to external auditors.
Back in November 2002, DWP internal audits questioned the legitimacy of $300,000 in billings by Fleishman-Hillard and $52,000 in charges by the Lee Andrews Group.
In a contemporary setting, internal audits (1) support the audit committee; (2) secure assurance on risk management, control, and governance systems; (3) provide consulting on risk management, control, and governance systems; and (4) obtain compliance with laws, reglations, and contracts.