I wanted to draw your attention to an article that recently appeared on CFO.com about continuous auditing, mainly because the topic is one which is as misun­der­stood as it is trendy. Continuous auditing is generally held to be an automated approach. Increas­ingly it is assumed to mean examining all data relevant to the audit being […]

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A guest post by an intern in Internal Audit was recently featured on another accountant’s blog, I Want To Be A CA, and I was first alerted to it by Krupo’s post title bait. The post is not compli­mentary about internal audit, but the support for its thesis is so flimsy and based on purely […]

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Accoun­tan­cyAge is reporting that the UK and Ireland IIA’s chief executive Ian Peters recently made a statement on the contentious issue of having external auditors provide internal audit services: Internal auditors answer to management and the non-executive directors… external audit reports to share­holders. Merging these two important functions has the potential to cause serious conflicts […]

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