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Ensuring Internal Audit Meets the Needs of Directors

Ensuring Internal Audit Meets the Needs of Directors In the future, directors will be more accountable for themanagement of their companies and given that some, if not the majorityof directors, will be independent people with business acumen, they willrequire accurate and timely information to direct their enterprises. Inthis respect, the internal audit function, as it affects directors inNew Zealand, is assessed, emphasising the considerable assistanceinternal auditors can offer if they report direct to the Board throughthe audit committee. It is apparent, however, that internal auditors arenot marketing their functions to directors. They need to understand howcompanies operate, who has control, and who needs their services. Thechallenge for the Institute of Internal Auditors is to review itsmarketing of functions so that directors know what internal auditing canachieve. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Auditing Journal Emerald Publishing

Ensuring Internal Audit Meets the Needs of Directors

Bowes, Geoffrey
Managerial Auditing Journal , Volume 6 (4) – Apr 1, 1991
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0268-6902
DOI
10.1108/02686909110135720
Publisher site
See Article on Publisher Site

Abstract

In the future, directors will be more accountable for themanagement of their companies and given that some, if not the majorityof directors, will be independent people with business acumen, they willrequire accurate and timely information to direct their enterprises. Inthis respect, the internal audit function, as it affects directors inNew Zealand, is assessed, emphasising the considerable assistanceinternal auditors can offer if they report direct to the Board throughthe audit committee. It is apparent, however, that internal auditors arenot marketing their functions to directors. They need to understand howcompanies operate, who has control, and who needs their services. Thechallenge for the Institute of Internal Auditors is to review itsmarketing of functions so that directors know what internal auditing canachieve.

Journal

Managerial Auditing Journal – Emerald Publishing

Published: Apr 1, 1991

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