OPPapers.com Essay Index >> Business >> Internal Audit
We have many free term papers and essays on Internal Audit. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
Internal Audit. Introduction ... It is not surprising to see the highest services provided
on the list are traditional internal audit services. The ...
... An internal audit is strictly for within the company so there would have
to be a way for the public to know what is going on as well. ...
... the focus of internal auditing is on Sarbanes-Oxley compliance, the importance of
maintaining the independence and objectivity of internal audit should never ...
... The ethics hotline forwards report to the Ethics office; it is then forwarded
to the Internal Audit Department. The Internal Audit ...
... INDEX 1. Role of Internal Audit 1 2. Introduction and Purpose of this Strategy 1
3. Acknowledgements 1 4. Audit Approach 2 5. Audit Working Procedures and ...
Submitted by zakmak on April 24, 2008
Category: Business
Words: 2204 | Pages: 9
Views: 208
Popularity Rank: 58,728
Average Member Grade: A (Add a Comment / Grade this Paper)
Introduction
This report aims to investigate the role Internal Auditors (IA) plays in certain aspects of corporate governance. The report also aims to investigate what is considered as good corporate governance.
“Corporate governance is the system by which companies are directed and controlled. It deals largely with the relationship between the constituent parts of a company - the directors, the board (and its sub-committees) and the shareholders”
(Berr, 2008)
Corporate governance is necessary because of the problems caused by the divorce of ownership and control in modern organisations. In order to protect the stakeholders of an organisation, regulators addressed the problem by introducing corporate governance frameworks that managers had to follow. Below are the Principles of corporate governance:
i. “ The corporate governance framework should protect shareholders’ rights
ii. The corporate governance framework should ensure the equitable treatment of all shareholders, including minority and foreign shareholders. All shareholders should have the opportunity to obtain effective redress for violation of their rights.
iii. The corporate governance framework should recognise the rights of stakeholders established by law or through mutual agreements and encourage active co-operation between corporations and stakeholders in creating wealth, jobs, and the sustainability of financially sound enterprises.
iv. The corporate governance framework should ensure that timely and accurate disclosure is made on all material matters regarding the corporation, including the financial situation, performance, ownership, and governance of the company.
v. The corporate governance framework should ensure the strategic guidance of the company, the effective monitoring of management by the board, and the board’s accountability to the company and the shareholders.”
(Oecd, 2004)
One...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!
Makthoom Purayil, May 2, 2008
Grader: zakmak, Grade: A
This CW belongs to Makthoom Purayil (pm525-000360821)