http://retheauditors.com/2009/12/17/going-concern-satyams-internal-auditor-all-roar-no-bite/ The Business of the Big 4 Audit Firms Sat, 31 Jul 2010 19:19:38 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://retheauditors.com/2009/12/17/going-concern-satyams-internal-auditor-all-roar-no-bite/comment-page-1/#comment-75759 Kevin Sat, 09 Jan 2010 16:56:21 +0000 http://retheauditors.com/2009/12/17/going-concern-satyams-internal-auditor-all-roar-no-bite/#comment-75759 The IIA does not take a strong enough stand with the listing authorities or the SEC on the independance of the Internal Audit function from management. Even when reporting to the board pay and promotion opprotunities are set by management at most companies. Additionally, the IIA will not take a stronger posiition on Internla Audit not reporting to the CFO or proposing to the SEC to require disclosure (8K) on the departure of the Head of Internal Audit at the company. The IIA does not take a strong enough stand with the listing authorities or the SEC on the independance of the Internal Audit function from management. Even when reporting to the board pay and promotion opprotunities are set by management at most companies. Additionally, the IIA will not take a stronger posiition on Internla Audit not reporting to the CFO or proposing to the SEC to require disclosure (8K) on the departure of the Head of Internal Audit at the company.

]]>