A semi-annual or annual internal audit allows you to gauge the effectiveness of your business's internal control system. Unlike an external audit, which focuses on determining whether financial ...

Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish objectives by ...

Chairman of the Audit Committee Board at Ghana Commercial Bank, Ray Ankrah, has underscored the critical importance of internal control in banking operations – emphasising that the industry’s success ...

In its most recent guidance for compliance with Sarbanes-Oxley section 404 requirements for smaller entities, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has provided ...

The Institute of Internal Auditors' new practice guide for internal auditing shares some good insights, but falls short in a few areas. The Institute of Internal Auditors (IIA) has published a new ...

MANAGEMENT IS RESPONSIBLE FOR EVALUATING and reporting on a company’s controls. The external auditors are responsible for auditing management’s assertion and independently coming to their own ...

-- Expected a physical check and control of the organisational activities from the internal auditor. As a result, always wanted the internal auditors to be on the field. This management attitude made ...

Internal controls are the security policies, procedures and tech that businesses and governments use to help prevent employee theft and financial error. Lack of ...

Several gaps and limitations in Ghana’s Internal Audit Agency Act, 2003 (Act 658) and related legislation has contributed to the weakening of internal audit functions in the public sector. Here are ...