Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Audit Voices Try to Calm Tensions on Evidence

Tammy Whitehouse | March 17, 2015

Leaders of the auditing world are calling for a truce in the arguments between internal and external auditors over how much evidence external auditors should collect themselves while scrutinizing corporate finances and internal controls—and are calling on audit committees to intervene earlier as referees of those disputes.

That issue of how much external auditors can rely on the work of internal auditors was a running theme at the Institute of Internal Auditors’ national conference last week, prompting the IIA and the Center for Audit Quality to urge that corporate audit committees get more involved in planning how internal audit and external audit can cooperate and avoid unnecessary duplication of audit effort.

Chambers-Richard-0814“As often happens, when the regulator speaks, perhaps in some cases there can be an...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.