Audit

Internal audit in Russia: “new reality”(10 April 2012)

On 14-15 March 2012 Moscow held a conference on internal audit in Russia, organized by the Institute of Internal Auditors. The name of the conference was chosen for a reason: there’s indeed a whole new reality out there (development of new technologies, financial crisis, etc.), so the profession has to adapt in order to survive. Internal auditors have to remain quality assurers, at the same time being consultants to their clients. So what are the main tasks they have to deal with today?

PCAOB Chairman James Doty Sees Progress on Foreign Inspections(19 March 2012)

James R. Doty has served for over a year as chairman of the Public Company Accounting Oversight Board, and in that time, the board has made progress in its efforts to inspect auditing firms in other countries, although China remains a sticking point.

Internal Audit Professionalism and Section 404 Compliance: The View of Chief Audit Executives from Northeast Ohio(31 May 2011)

The importance of external auditin gasamechanism for corporate governance has attracted considerable attention of late. Academics and policy makers in both developed and emerging markets are increasingly grappling with this issue as they seek to reform their governance mechanisms. At the same time, the empirical literature also suggests that internal monitoring by managers plays an influential role in affecting firm valuation.

Internal Audit: Should It Stay or Should It Go?(31 May 2011)

With its role under the spotlight, Joanna Wiela argues that the crucial aspect of an internal audit is that it should add value.

Auditin practice in government institutions – an interview with Olga Ovcharenko, a professional auditor at the Office of the City Auditor(30 May 2011)

GAAP-IFRS.com gladly presents the interview with Olga Ovcharenko, who is a performance auditor at the Office of the City Auditor (City of Austin, Texas). Olga holds Master's degree in Accountancy, Government Auditing Professional Certification, Internal Controls Auditor Certification, and serve as a chair of the certification committee at the Austin Chapter of the Institute of Internal Auditors.