Nearly two-thirds of senior internal audit executives say managers at their companies still don’t take responsibility for internal controls governing financial reporting, while one-fifth worry that helping their companies develop compliance programs compromises the integrity of their audits, according to a new report.
Those are the conclusions of a survey of 858 corporate auditors conducted by software firm ACL Services Ltd. ACL painted a picture of internal auditors swamped by Sarbanes-Oxley’s compliance needs, devoting their time to helping their companies meet its many challenges while other audit projects languished.
