Tuesday, August 30, 2005

Internal Auditing: Adding Value Across the Board


A Changing World
One does not have to sit in the boardroom or occupy the CEO's chair to recognize the rapid-fire changes going on in today's corporate environment. The business pages regularly contain reports of mergers, acquisitions, and other organizational restructurings; electronic commerce and other information technology breakthroughs; privacy invasions; and plain old-fashioned frauds. And things are likely to get even more frenetic.

The challenges of today's changing world introduce great opportunities for management and the board and point to the necessity for competent internal auditing. Especially in these times of constant change, internal auditing is critical to efficient operations, effective internal controls and risk management, strong corporate governance, and in some cases, the very survival of the organization.

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