OPINION: Used Correctly, Internal Auditing Can Expand Horizons to Create Value.

From: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/TribuneBusiness News) | Date: February 5, 2002 | Copyright information

Byline: Richard G. Moore

Feb. 5--Despite significant changes affecting internal auditing that have occurred in recent times, many organisations still view it more as a function for compliance and internal control rather than as a tool for creating value. Internal auditing, however, can play a vital role in creating corporate value by helping companies effectively drive change and unlock untapped sources of internal wealth.

Leading internal auditing functions share common characteristics. While working with a wide range of companies around the world, PricewaterhouseCoopers ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Letters
; ...audit profession, certainly not the internal auditing profession. The ethical dimension...impossible to satisfy. One activity of internal auditing is to evaluate the effectiveness...conflict is intolerable. Outsourcing internal auditing is more a question of quality than...
The Outsourcing Dilemma: What's Best for Internal Auditing
; ...Outsourcing Dilemma: What's Best for Internal Auditing The Institute of Internal Auditors...long been a sensitive issue in the internal auditing arena. So do the benefits outweigh...Outsourcing Dilemma: What's Best for Internal Auditing, explores the role that specialization...
Influential and upwardly mobile: step forward, internal auditors The profession is shedding its grey image.
; ...background in accountancy. Today, however, internal auditing is one of the most influential and...after. "Until recently, the role of internal auditing was largely restricted to financial...corporate governance. "It follows that internal auditing departments now demand a far ...
Book review: Sawyer's Internal Auditing--The Practice of Modern Internal Auditing, 4th Edition
; ...University; formerly director of internal auditing, Macmillan, Inc. Over the past half century, internal auditing has emerged as a distinct and...integral role in the maturation of internal auditing as a profession. This book has...
Correction
; The reference to "Internal Auditing, The Big Lies" in the letter "Bravo for Article on Internal Auditing" (July 1999, p. 8) should have been the May 1999 rather than April 1999 issue of Quality Progress.
Internal auditing drive to curb graft
; ...been busy hammering out better internal auditing systems to plug management...Li Jinhua said the goal of internal auditing is "management plus efficiency." He told a recent internal auditing meeting that internal auditors...
No phone listing yet but AuditForce grows Internal auditing firm opens branch, attracts $3.15 million in capital
; Seeking to carve a niche as an internal auditing specialist, AuditForce Inc., a young...better choice, Harris figured, was internal auditing, which is done for a company's in-hou...capture customers by specializing in internal auditing and offering "a very affordable alternative...
Management-orientated auditing
; ...12-31-1997 FORMERLY, the function of internal auditing was deemed important only as shareholders...being the "be-all and end- all" of internal auditing still prevails, but with improvements...not, however, the sole reason for internal auditing, which would be explained in this...
Internal Auditing Helps Supervise Management
; Internal auditing units set up by Shanghai's firms...bureau. The bureau noted that these internal auditing units have helped supervise the...By the end of 1997, some 1,800 internal auditing units had been set up in the city...
The CPA's transition to the world of internal auditing
; ...moved into internal auditing as full-fledged...be tricky. Internal auditing is no longer...accounting, internal auditing can often...areas. But internal auditing's body of...corporate auditing functions may have...internal auditing find ...