Internal Auditor points out system lapses in an organisation in many Audit Reports. Those lapses continue uncorrected.What does it indicate?

The reoccurence of control lapse can be due to:

1. Inexperience or limited scope of the internal audit proceedure and control.

2. Unclear or no operational manadate for the audits and accounts staff to follow

3. Weak or incapability of the management team to be consistent on the observed lapse of their policies and control.

4. The coporate governance need to be review to be round peg in a round hole for improvement.

There could be only two explanations:

1. The Audit Committee doesn't understand the report, or it's significance.

2. The role of Internal Audit in the company is just a formality, not a real need.