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Franzel Reveals Progress in Internal Control Audits

Tammy Whitehouse | March 11, 2015

When reports on audit inspections performed in 2014 are eventually published, they will show some improvements in the audit of internal control, said Jeanette Franzel, a member of the Public Company Accounting Oversight Board.

Franzel-jeanette-0315“Preliminary results of the 2014 inspections indicate that some improvements have been seen in the area of auditing internal control,” said Franzel, addressing an annual conference of the Institute of Internal Auditors. “That is positive news, especially given the significant changes that were occurring for both management and the auditors.”

On the audit side, auditors were coping with...

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