Essays on Internal Audit

Essays on Internal Audit

We have gathered for you essays on Internal Audit in one place to help you quickly and accurately complete your assignment from college! Check out our Internal Audit essay samples and you will surely find the one that suits you!

We've found 16 essays on Internal Audit

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The Olympus Scandal

This paper describes the case of Olympus, a Japanese manufacturer of optic equipment, at which in early 2012 a scandal was uncovered which was soon dubbed to be one of the largest loss-concealment schemes of Japan. In the 1990’s, Olympus incurred significant losses on financial …

Corporate Social ResponsibilityInternal AuditInternal Control
978 views
Words 7037
Pages 29
Trolley Dodgers Case

Executive Summary The Trolley Dodgers was exposed that it had internal control problems existed. The other hand, found that employees embezzlement. The first part of this report identify and explain the characteristics of employee fraud indicated in Dodgers case. such as perpetrator must gains the …

BusinessInternal AuditInternal Control
769 views
Words 2025
Pages 9
Literature Review on Internal Audit

Survey finds internal audit risk assessments inconsistent Year: August, 2007 The report suggests that internal auditing needs to identify areas of high and moderate risk that are part of the internal audit plan but have been deferred or cancelled because of the organization’s focus on …

Internal AuditLiterature
489 views
Words 1713
Pages 7
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Mohamed Salem El-Hadad, Internal Auditor

Sarbanes-Oxley Act Section 806: Whistleblower Protection “Sec. 806. Protection for employees of publicly traded companies who provide evidence of fraud. ” “Sec. 1514A. Civil action to protect against retaliation in fraud cases (a) whistleblower protection for employees of publicly traded companies- No company with a …

Internal AuditJustice
446 views
Words 548
Pages 3
Clause 49 – listing agreement

SEBI has revised Clause 49 of the Listing Agreement pertaining to corporate governance vide circular dated October 29, 2004, which supersedes all other earlier circulars issued by SEBI on this subject. The article highlights important changes in the corporate governance norms. Clause 49 of the …

Corporate GovernanceGovernanceInternal Audit
346 views
Words 2996
Pages 12
Ethics, Fraud, and Internal Audit at Ut Southwestern

There are many taxpayer supported medical schools in this country, most receiving their fees for services through Medicare and Medicaid. The Department of Health and Human Services requires that medical students who have graduated to the resident status have a teaching physician physically present when …

HospitalInternal AuditMedicaid
344 views
Words 873
Pages 4
Royal Ahold’s Case Write Up

Executive Summary The case discusses the Royal Ahold’s the major events that led to the demise of a great European company. The case presents some of the key issues in the areas of leadership, strategy, audit and accounting fraud that resulted in their disaster. The …

AccountingInternal AuditInvestment
331 views
Words 3028
Pages 13
World Com Case

WorldCom: internal audit lessons to be learnt On June 9 2003, the U. S. Bankruptcy Court of New York issued a report on the WorldCom accounting fraud that expands on the court’s earlier findings of mismanagement, lack of corporate governance, and concern regarding the integrity …

AccountingInternal AuditInternal Control
324 views
Words 1060
Pages 5
Integrity, Confidentiality and Professional Behavior of Internal Auditors

Integrity According to The Institute of Internal Auditors (IIA), “The integrity of internal auditors established trust and thus provides the basis for reliance on their judgement”. IIA further added that to be integrity, internal auditors: * Shall perform their work with honestly, diligence, and responsibility. …

ConfidentialityIntegrityInternal Audit
299 views
Words 1971
Pages 8
Job Shadowing

The career of choice I would like to pursue is auditing. Since this field involves a lot of confidential items and work I was not able to find someone outside my own current job to allow me to job shadow. Therefore, I would like to …

AccountingBusinessInternal Audit
231 views
Words 1266
Pages 6
Impact Of The Sarbanes-Oxley Act

Supporters of companies going public suggest that gaining additional capital is one of the benefits medium sized companies gain by going public. The rationale for going public is to float the shares of the company through the stock market by starting an initial public offer …

Corporate Social ResponsibilityInternal AuditInvestment
179 views
Words 81
Pages 1
Non-Executive Directors

Corporate governance has comparatively getting important in the business world. The term ‘corporate governance’ and its daily application in the financial press is a fresh appearance of the past fifteen years or so (Thomsen, 2004). The phase of growth may refer to the evolvement of …

Corporate Social ResponsibilityInternal AuditInternal Control
124 views
Words 4250
Pages 17
Ongc Corporate Governence

Corporate Governance Corporate Governance is a reflection of the company’s culture, their relationship with stakeholders and commitment to values. ONGC has a pioneer in benchmarking its corporate governance practices with the best in the world. ONGC Corporate Governance philosophy is based on the following principles: …

Corporate GovernanceInternal AuditInternal Control
10 views
Words 1142
Pages 5
Recommendation Brief for an Internal Accountant

A client has an out-of-control system that is in need of change to get it back into control. Internal controls are an important part of a company. The role of internal controls is to keep mistakes from occurring as much as possible. It also aids …

Internal AuditInternal ControlManagement
8 views
Words 688
Pages 3
The Role of Internal Audit in UAE Companies

When oil was discovered in 1950s in the UAE, an economic system which was to a great extent dependent on fishing and worsening pearling industry, the state has undergone drastic transmutation owing to the socio-economic alterations taking topographic point. The chief export of the state …

Internal AuditKfc
7 views
Words 1217
Pages 5
Sample of Auditor Report

NALGA National Association of Local Government Auditors NALGA Peer Review Committee 1220 SW Fifth Ave. , Room 120 Portland, OR 97204 (503) 823-3542 October 27, 2000 Mr. Ronald A. Coen, Director Fairfax County Internal Audit Office Fairfax, Virginia 22035 Mr. Coen: We have completed an …

BusinessInternal AuditManagement
5 views
Words 288
Pages 2

Find extra essay topics on Essays on Internal Audit by our writers.

Internal auditing is an independent, objective assurance and consulting activity designed to add value to and improve an organization's operations.
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Stages

There are five phases of our audit process: Selection, Planning, Execution, Reporting, and Follow-Up.


Credentials

A Certified Internal Auditor (CIA) is a certification offered to accountants who conduct internal audits. The Certified Internal Auditor designation is conferred by the Institute of Internal AuditorsInstitute of Internal AuditorsThe Institute of Internal Auditors (IIA) is a leader in certification, education, and research for professionals engaged in evaluating an organization's operations and controls. Institute of Internal Auditors (IIA) - Investopedia (IIA) and is the only such credential that is accepted worldwide.

FAQ

What is internal audit and its importance?
An internal audit is an independent, objective assessment of an organisation's finances, operations and governance. Its purpose is to add value and improve an organisation's operations. It helps an organisation to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.The internal audit function is important because it provides an independent and objective view of an organisation's risks and control environment. It can help to identify potential improvements in risk management, control and governance processes. It also provides assurance that these processes are operating effectively.An effective internal audit function can add value to an organisation by providing insights and recommendations on how to improve operations, control processes and governance. It can also help to provide assurance that an organisation's risks are being managed effectively.
What is internal audit explain?
Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. An internal audit is conducted by internal auditors who are employees of the organization being audited. However, external auditors may also be brought in to provide an objective perspective. Internal auditors typically report to the board of directors or audit committee, and their work is overseen by the chief audit executive. The internal audit function provides assurance that an organization's risk management, control, and governance processes are operating effectively and efficiently. It also provides consulting services to help improve these processes. Internal audit covers a broad range of activities, including financial auditing, operational auditing, compliance auditing, and information systems auditing. Financial auditing is the most common type of internal audit, and it focuses on ensuring that an organization's financial statements are accurate and free of material misstatement. Operational auditing focuses on evaluating the effectiveness and efficiency of an organization's operations, while compliance auditing assesses whether the organization is complying with applicable laws and regulations. Information systems auditing evaluates the effectiveness and security of an organization's information systems. Internal audit activities are typically divided into two categories: assurance and consulting. Assurance activities provide objective assurance that an organization's risk management, control, and governance processes are operating effectively and efficiently. Consulting activities provide advice and recommendations to improve these processes. The internal audit function plays a vital role in an organization by providing assurance and consulting services that help the organization achieve its objectives.
How do you write an internal audit summary?
When writing an internal audit summary, there are a few key points to keep in mind. First, make sure to include a brief overview of the audit process and what was covered. Next, provide a high-level summary of the findings, including any areas of concern or recommendations for improvement. Finally, conclude with a brief statement of the overall conclusion of the audit.
What are the main objectives of internal audit?
Internal audit has a few different objectives, but the main ones are to ensure that an organization is operating efficiently and effectively, and to protect against fraud and waste. Internal audit can also help an organization identify potential risks and develop plans to mitigate them.

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