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This is not the sort of thing that most internal auditors would have lost sleep over in the past, but thanks to the Turnbull Committee it is now receiving attention.
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That's the image most of us have of internal auditors.
WorldCom fired its auditor, Andersen, after it was discredited by the Enron affair; internal auditors uncovered the fraud and alerted KPMG, the new external auditors.
Internal auditors play an important role in influencing managers' judgments.
For example, auditors should check that a company's internal auditors are effectively monitoring expenses at a particular division.
They also had internal auditors and external auditors, district treasurers and audit committees to help them watch the money.
Gramling focused on reliance on internal auditors rather than a generic program planning decision.
In June 2011, MF Global's internal auditors foreshadowed potential problems with customer money.
Our findings have important implications for internal auditors, managers, external auditors, and others interested in corporate governance.
We test our hypotheses with an experiment involving 447 internal auditors and management accountants.
Internal auditors once accused him of operating the newspaper chain as a "corporate kleptocracy".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com