Unformatted text preview: but also could return an unfavorable audit opinion from the external auditors. Finally, internal auditors must not simply focus on financial reporting controls and should heavily test operational controls as well. In this case, there are two departments with competing products and if the operations and processes were tested appropriately this overlap potentially could have never happened. Auditors also should work with lawyers to determine if there is a conflict of interest between these two departments. Schneider, Arnold. "The Roles of Internal Audit in Complying With the Sarbanes–Oxley Act." International Journal of Disclosure & Governance 6.1 (2009): 69-79. Academic Search Complete. Web. 16 Nov. 2011....
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This note was uploaded on 11/23/2011 for the course BLS 465 taught by Professor Herron during the Fall '11 term at Miami University.
- Fall '11