Sentence examples for internal audit work from inspiring English sources

From 20 to 25 clients receive both services, and the internal audit work generates several hundred million dollars a year for the accounting firm.

He suggested a rule might ban firms from performing large amounts of internal audit work for audit clients, but still allow smaller tasks to be performed.

The rules also limit audit firms to 40percentt -- measured as a share of total hours worked -- of a client's internal audit work, to prevent an external auditor from evaluating its own employees' internal audit.

What is the significance of the restriction on the amount of a client's internal audit work that an accountant can perform? A. I don't think the 40percentt limit makes any sense, that number is just a way of compromising.

Internal audit work is conducted in accordance with the guidance for the practice of internal auditing in the International Professional Practices Framework as promulgated by the Institute of Internal Auditors IIAA).

The S.E.C. has said it fears that outside auditors might be reluctant to question internal auditing work if it was done by people employed by the same accounting firm.

Then our internal audit staff, working with external resources, made on-site visits to verify the books of all the accounting entities.

"There is no internal audit worth speaking about".

It would also be able to perform some services for nonaudit clients that it could not provide for audit clients, including internal audits, tax work for executives and limited information-technology services for small and midsize businesses.

Bank of Commerce, which generated just $441,000 in net income last year, was forced to boost spending on internal personnel and outside audit work to cope with added regulatory hurdles stemming from the financial crisis, on top of the anti-money-laundering laws, credit-reporting rules and many other regulatory issues the bank already was dealing with, Mr. Sturges said.

The best ways to do this are working for Internal Audit teams of companies with big building projects; working for construction management companies; Government Organizations with substantial construction; Working Construction; Architects; or, Engineers.