That’s the recommendation from the Institute of Chartered Accountants of India (ICAI), as reported by The India Express: “In the high-powered committee report on Satyam scam, we have proposed that internal audit should be outsourced and not be in house so that there is more independence. If the auditor is from the organisation, it is […]
Tag: audit committee ↓
Outsource internal audit for greater objectivity
July 12th, 2010 · No Comments
Category: Governance
Tags: audit committee, fraud, ICAI, India, internal audit, KPMG, Satyam
IT risks should be a focus">Audit committees recognize IT risks should be a focus
June 24th, 2007 · 2 Comments
Dan Meyer at Tick Marks has brought my attention to a KPMG survey that reports audit committees are becoming more concerned about IT risks on financial reporting. 90% believed that IT oversight deserved more time at audit committee meetings. By constrast, 80% of committee members were satisfied with audit committee oversight of management judgments and […]
Category: Governance
Tags: audit committee, Governance, IT, management, oversight, risk, strategy, Tick Marks
