Internal auditor training Internal auditor training is a crucial component of ensuring effective governance, risk management, and compliance within an organization. Internal auditors play a key role in evaluating and improving the effectiveness of an organization’s internal controls, risk management processes, and governance frameworks. Here are some key aspects typically covered in internal auditor training: […]
Courtesy: Internal auditor training Integrated audits In the US, audits of publicly traded companies are governed by rules laid down by the Public Company Accounting Oversight Board (PCAOB), which was established by Section 404 of the Sarbanes–Oxley Act of 2002. Such an audit is called an integrated audit, where auditors, in addition to an opinion on the financial statements, must also […]
Courtesy: Internal auditor training An audit is an “independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing also attempts to ensure that the books of accounts are properly maintained by the concern […]
Courtesy: Internal auditor training Most publicly traded corporations typically have an internal auditing department, led by a chief audit executive (“CAE”), with lead internal auditors managing small teams of internal auditors for one audit engagement. Lead auditor is a position between senior auditor and head of division. In public accounting firms, a lead auditor for an audit engagement is usually chosen from among the senior auditors. Certified lead auditor […]