4Outsourcing of Internal Auditing

4Outsourcing of - Outsourcing of Internal Audit 1 u Basic Theory of Outsourcing of Internal Audit Definition of outsourcing organization entrusts

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Outsourcing of Internal Audit
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Definition of outsourcing: 1 u Basic Theory of Outsourcing of Internal Audit organization entrusts part or all the functions of internal audit to exterior organization to execute by deed.
Background image of page 2
Forms of outsourcing: u 1 u complementarity Enterprises carry out auditing projects by employing external intermediary agencies and professionals in the shortage of manpower and expertise. For example, enterprises engage auditors who understand local language or local customs when auditing branch. In addition, in particular fields (for example , electronic data processing system), enterprises can also employ the experts to participate in audit activities.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
u 2 u audit management consulting It is extension of existing consultation or audit business of certified accounting firms, including helping set up internal audit department, recruit internal auditors , define the main risks, etc, and promote the formation and improvement of the internal audit plan.
Background image of page 4
u 3)The whole outsourcing (small enterprises ) Enterprises without setting up internal audit department outsource function of internal audit to the intermediary agencies in order to do
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

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.

Page1 / 16

4Outsourcing of - Outsourcing of Internal Audit 1 u Basic Theory of Outsourcing of Internal Audit Definition of outsourcing organization entrusts

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online