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 beingContinue reading “Continuous auditing”
Monthly Archives: September 2009
Dueling perspectives on internal audit
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 purelyContinue reading “Dueling perspectives on internal audit”
IIA: Keep internal and external audit separate
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 conflictsContinue reading “IIA: Keep internal and external audit separate”