2internal auditing concept

2internal auditing concept - Chapter two an basic theory of...

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Unformatted text preview: Chapter two an basic theory of internal auditing the concept of internal auditing Answer these questions A 1.A company executives hire external experts to audit their financial expenses ,and report their auditing result to the executive . Q: Does this belong to the external auditing or internal auditing? 2.A company leadership required internal auditors to involve in the bidding work of purchasing activities and sign the contract. Q: is it appropriate? Why? 3.There are some situations in the China's first TV play of internal auditing theme named "on the way" : “TianHai group (1) CAE h Chief Audit Executive h is not a member of the board of directors, he has no decision right , but he often attends significant decision-making meetings of board according to the articles of association. (2) chairman often calls CAE as "doctors“. (3) chairman often call internal auditing as "second voice of company". Q: Do you think the above statement is appropriate? why? On 26 June 1999,the IIA board of directors approved the following new definition of internal auditing : 1. The evolution of the definition of international internal auditing...
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This note was uploaded on 06/13/2011 for the course ACCOUNTING 1204 taught by Professor Chang during the Summer '11 term at Nanjing University.

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2internal auditing concept - Chapter two an basic theory of...

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