Recommendation Brief for an Internal Auditor

Topics: Auditing, Management, Internal audit Pages: 3 (750 words) Published: August 29, 2013
Recommendation Brief for an Internal Auditor
Gabriella Goodfield
ACC/544
July 1, 2013
Raymond Ho

Recommendation Brief for an Internal Auditor
The client has a problem with an out of control system. So, the client is asking for a recommendation to hire an internal auditor. In this recommendation brief the background benefits will be discuss. In the same brief the justifying the benefits of using the internal auditor will be discuss. In conclusion a recommendation on a person whose has the background for the auditor. Benefits of Internal Auditor

Before discussing the benefits on internal auditor a definition of internal audit would be discuss. “An employee of a company charged with providing independent and objective evaluations of the company's financial and operational business activities, including its corporate governance”. (Investopedia, 2013) In addition to financial and operational business, the auditor has to do evaluation on the operation efficacy. The evaluations are reported to the upper level management. The reports could be in the form of recommendation. The recommendation would explain the methods to correct any areas that may not observe the laws and regulations. Benefits of an internal auditor are many. Also the benefits can be seen in the audit itself. According to the Institute of Internal Auditors, under Attribute Standard 2110 Governance the audit would: “1. Promoting appropriate ethics and values within the organization; 2. Ensuring effective organizational performance management and accountability; 3. Communicating risk and control information to appropriate areas of the organization; and 4. Coordinating the activities of and communicating information among the board, external and internal auditors and management”. (theiia.org, 2013) In addition the IIA states under the performance standard the auditor must do the following: 1. “Managing and Internal Audit...

References: Full Standards. (2013). Retrieved from http://www.theiia.org/guidance/standards-and-guidance/ippf/standards/full-standards/?search=risk
www.investopedia.com. (2013). Definition of Internal Auditor. Retrieved from http://www.investopedia.com/terms/i/internalauditor.asp
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