© Copyright 2012, vLex. All Rights Reserved.
- Language
Contents in vLex United States
Explore vLex
For Professionals
For Partners
Company
internal audit report
More than 10.000 documents for internal audit report
-
Board members may be tempted to scribble such a missive on an internal-audit report: "Rather than giving us pages of details you learned during the dozens of audits performed, can you give us the "short-answer format" of what we, as board members, need to be concerned about?" These days, it's nearly commonplace for "audit overkill," which dilutes the effectiveness of what is perhaps one of the most important roles a board member can play. Rather than the conventional protocol of presenting a stack of spreadsheets to the audit committee and expecting nothing more than a perfunctory review and approval (pardon me while 1 do an infomercial impersonation), what if I told you that your auditing schedule could be replaced with just 17 audits, that if executed properly, could provide even bet...
-
In a recent study, internal audit practitioners cited risk management and IT auditing as the top two areas for improvement in the profession. These and other findings are detailed in Protiviti's inaugural Internal Audit Capabilities and Needs Survey report. Under the audit process knowledge section, survey respondents identified auditing IT functions including security, continuity and change control as an area with a lower level of overall competency and one with a significant need for improvement in knowledge and skills. At the other end of the spectrum, written communication skills have the highest competency ratings among those from all sizes of businesses, in all industries and at all levels of responsibility.
-
A recent report by Shelby County's internal audit department said the county's cemetery for the indigent had no process to stop funeral homes from using the site for cut-rate burials of people who weren't poor. The county said it has tightened procedures and put control of the cemetery under a different department.
-
The submission of an internal audit report to management is far from being the end of the internal auditor's professional responsibilities. According to Statement of Internal Auditing Standard (SIAS) No. 13, the completion of the auditing report is only the start of the internal auditing department's job. Guideline 440.01 of SIAS 13 requires internal auditors to make certain that the company is taking remedial actions on reported findings and is achieving desired results, or that top management or the board of directors has taken responsibility for the organization's failure to adopt corrective measures. According to SIAS 13, an effective audit follow-up involves the assessment of the remedial actions taken by management on internal and external audit findings in terms of their adequacy...
-
While they'll be making some changes to help prevent future foul- ups, Roanoke County officials say an internal audit of funding for programs for at-risk kids has found few problems. A report released Thursday said the county was apparently overbilled by $1,452 by two agencies for services that were not provided to children who were incarcerated at the time.
-
COLUMBUS -- State Sen. Marc Dann filed suit against the Ohio Bureau of Workers' Compensation on Monday to force the agency to let him see an internal audit and the documents used in its preparation. Dann, a Democrat from the Youngstown area who is running for attorney general, filed the case with the Ohio Supreme Court but it's likely to take months to resolve, said his attorney, Fred Gittes.
