Internal audits are conducted in accordance with the Global Internal Auditing Standards as promulgated by the Institute of Internal Auditors (IIA). Other auditing standards may be followed as deemed ...

Here’s a quick breakdown of formal and informal audits: Audit (formal) – the annual ritual of providing objective evidence that a quality system is established, followed and effective. A good quality ...

Academic research in internal audit provides best practices and pertinent information for external and internal auditors. Below, we summarize recent internal audit research from leading academic ...

Although the term "audit" can elicit a shudder in a business owner, it is actually a useful and beneficial process that every business should undergo on a regular basis. Audits typically are performed ...

For more than a decade, I have been trying to dispel lingering myths that haunt the modern internal audit profession. Processing Content Some of the myths are based on perceptions, such as "Internal ...

Based upon input from the Internal Audit Committee, executive management, and the UT System Audit Office, an annual audit plan is developed that contains the scheduled projects for the upcoming fiscal ...

The Foreign Corrupt Practices Act (FCPA) (15 U.S.C. § 78dd-1 et seq.) is a federal anti-bribery law that makes it unlawful for certain people to pay foreign government officials in order to conduct ...