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Accounting & Auditing Update
The "Accounting & Auditing Update" is written by Tammy Whitehouse, a veteran business writer who has been a regular contributor to Compliance Week since 2005. Her work has also appeared in industry journals and periodicals including Journal of Business Strategy, Strategy & Leadership, Compensation & Benefits Review, Inc, Buyside, and myriad others. Whitehouse welcomes questions and comments from readers; she can be reached via e-mail at twhitehouse@complianceweek.com.
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Accounting & Auditing Update Blog
Surveys, papers provide plenty of advice for internal auditors
Tammy Whitehouse | February 26, 2016
In a survey from KPMG and Forbes of more than 400 CFOs and audit committee members nearly 60 percent said they would welcome help in assessing risks and risk-managing practices, but only 22 percent said they get that from internal audit; 36 percent said they would like to see an informed perspective on emerging risks coming from the internal audit shop, but only 5 percent actually see it. Craig Carter, a KPMG principal in internal audit, risk, and compliance services, says, “There’s a need to translate the value of the internal audit function into more than black-and-white compliance.”
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