Audit Flashcards
1
Q
Why ma’s more involved in internal audit and risk m
A
Better tech- ais, - more time to be involved improving financial controls and risk management
2
Q
Why internal audit more important
A
Sarbanes oxley- Enron (BBC, 2002)
Management taking more responsibility for financials
3
Q
Internal audit
A
Help companies gain assurance in the quality of their controls and financial improvements
4
Q
Way internal auditors check
A
Ask employees about their work/ tasks- link threatened- demotivated- Maslow
