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.

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It comes as a surprise to know that allocating funds through SDA mandates no internal audit. In any organization, internal audit activity helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and government processes.

Irregularities In Public Companies

Award: Jacob Flournoy, internal audit director for the University of Arkansas System, has been selected to receive the American Institute of CPAs' Outstanding CPA in Government Impact Award for impact on state government.

Super mover: a closer look behind a prominent promotion

As companies have come to accept that market volatility, complexity, political and regulatory changes are here to stay, internal audit functions have more opportunities to contribute to businesses in a truly meaningful way, according to the PwC Internal Audit State of the Profession 2013 survey.

PwC 2013 "State of the Profession Survey"

Written for managers, internal audit coordinators and internal auditors, this guide to ISO 9001 requirements is designed to help companies pass the registration audit in a more efficient and cost-effective manner.

ISO 9001:2008 internal audits made easy; tools, techniques and step-by-step guidelines for successful internal audits, 3d ed. (CD-ROM included)

* Ensure that the Office of Internal Auditing's annual internal audit plan identifies the internal audits of state agencies or divisions of those agencies scheduled for the next fiscal year

What you need to know about Ohio's internal audit bill

* Most forensic actions stem from one of four sources: regulatory inquiries, shareholder actions, internal audits or outside audit concerns.

When accounting practices go under the microscope: once a financial investigation has begun, it's time for an all-hands-on-deck alert. Time is precious, and help from a broad-based forensic team--lawyers, accountants and other specialized professionals--can be highly valuable

Rose, James, Internal Audits Role in Compliance (Altamonte Springs, FL: Institute of Internal Auditors, 2002).

Internal auditors as ethics partners: exploring their role in building the ethical climate of government; In the post-Sarbanes-Oxley world and following numerous ethics lapses in all sectors, internal auditors, ethics officers, and public managers can look to one another for help in maintaining an ethical organization

Part Two, "Administering Internal Audit Activities," explains how the internal audit function can be of greatest value to all levels of an entity It stresses the independent nature of the function and how this is reinforced when internal auditors report to the audit committee of an organization's board of directors or trustees.

Brink's modern internal auditing, fifth edition

For off-site monitoring purposes, the Superintendency requires extensive reporting from the institutions it supervises, including daily, monthly, quarterly, and semiannual data covering, among other matters, consolidated financial condition, liquidity, capital adequacy, internal audit findings, and transactions with affiliates and related parties.

Orders issued under international banking act

ISO 9001:2015 Internal Audits Made Easy: Tools, Techniques, and Step-by-Step Guidelines for Successful Internal Audits, 4th Edition (CD-ROM included)

It is key to note that the SIC were already part of the Motorola culture and the basis for internal audits. The reissued controls, which incorporated COSO, were not just another management fad or a new level of bureaucracy.

Internal control matters...again: Motorola's senior vice president and controller tells Financial Executives Research Foundation (FERF) how "COSO" recommendations--published a decade ago--helped his firm improve its system. (Governance)