Internal auditors are traditionally defined as in-house accountants who conduct regular and continuous examination of financial records and internal controls. Business risk refers to the probability ...

However, IA should be conducted by a chartered accountant or a cost accountant although the internal auditor need not be a firm of chartered accountants or cost accountants. While section 138 does not ...

A small business's internal control system can only be as strong as the rules, policies and procedures put in place to detect fraud, waste or abuse and protect its financial and physical assets.

Organizations will need to test more frequently for an increasing number of risks to internal controls, according to a recent poll by Deloitte. In the year ahead, 55.9% of the more than 350 C-suite ...

Many of the top risks organizations face today are related to technology. As a result, internal auditors are paying close attention to areas such as cybersecurity, data privacy, and social media.

Parkview Health revamps internal audit by aligning enterprise risk management to provide leaders a unified view of organizational risk and ...

Industry expert Ann Cohen says audit committees are increasingly using AI and advanced technology to run risk analytics ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. When people hear the term internal controls, they often ...

Are you an auditor engaged to audit an entity that is less complex? If so, you may wonder why you spend time on the audit evaluating internal control. This may seem like an exercise that is much more ...

Virginia Credit Union and its Member One division announced last week that it has named two executives to oversee risk management and the Chesterfield County-based credit union’s internal audit ...