Sentence examples for internal audit functions from inspiring English sources
They are often employees of the company, though some accounting firms will also perform internal audit functions for clients.
Banks should require their internal audit functions to provide a written opinion of these areas on a regular basis to evidence their review.
This paper presents the first stage of a research program designed to investigate the nature of the relationship between the information security and internal audit functions.
"History has a way of repeating itself," she says, "and based on human nature there will always be fraud".Most of all, Ms Cooper is worried that internal audit functions at many companies remain riddled with the same conflicts of interest that allowed WorldCom to cook the books for so long.
The silver lining in the report is that a significant slice of internal audit functions in the hundreds of firms surveyed some 18%—are pioneering a better way and adopting an Agile approach to internal audits.
I was paired with the National Multiple Sclerosis Society on a project to assist the organization in developing an internal audit function.
The company, in turn, is required to report on its internal controls and on plans for strengthening its internal audit function.
I would also prohibit what has been a growing trend in the 1990's, that of outsourcing the internal audit function at a company to the external auditor.
The audit committee and management team had more or less decided that it was past time to build an internal audit function, but they were unsure of how much to spend, and how best to organize the new department.
During the climax of the final presentation, I was happy to learn that the audit committee voted unanimously to move ahead with the idea of investing in an internal audit function.
The OCC and Federal Reserve have long expected that the business lines' risk management controls be distinct from the second-line risk management function and from the third-line internal audit function.
