Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Internal auditors make sure any issues that affect the prosperity of the business are dealt with. How do you view internal auditors' job? Why?

user-image
Question added by Farah Abla , Financial Control Officer , Arab Bank plc
Date Posted: 2016/08/17
Deleted user
by Deleted user

Internal auditors are very neccesory for the prosperity of any business in the world..

Nadjib RABAHI
by Nadjib RABAHI , Freelancer , My own account

The main mission of the audit is to ensure the coherence annd effectiveness of the accounting control device. It is :

  • The control of the compliance procedures
  • Control of the adequacy of the procedures to the treatment of transactions recorded
  • The control by sampling the first and second level of work
  • Analysis of the reports of the revision
  • The verification of the operation of the accounting system
  • The verification of the figures announced by the second level
  • The verification of periodic situations
  • Monitoring of alert phases
  • The controls on the spot, if necessary.

Shady Ali - CMA
by Shady Ali - CMA , Senior Accountant , Smart Code for business services

Internal auditors are very important for any firm , they are responsible for discovering and correcting mistakes before anyone else does , they increase the credibility of the firm .

Tomasz L
by Tomasz L , Reporting Specialist , Outworking

Internal auditor identifies places where the company could work more effectively and efficiently. He must be focussed on details, be familiar with internal procedures and instructions. At the end auditor is foreseeing, he identifies the risks in the organization, bottlenecks in the processes and non-value added activities.

Umer Anwar
by Umer Anwar , Internal Audit Supervisor , Food Unit Company

Internal Audit is the part of company processess which help company to identify weak areas and giving suggestion regarding improvements of company processess.

Internal Auditor make sure that people are following company Standard Operating Procedureds (SOP's) which is essential to run company operations effeciently and smoothly

Internal Auditors Liason with company external auditors as well.

As Internal Auditor continuesly involve in company whole operations that’s why any issue which affect company Prosperity dealt with on timely basis by internal Auditor and for future controls implemented on that issues.

Abdullah Aziz Eldain Morsi  Elgendy -        CMA  Candidate
by Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies

 

   the auditors work in any  entity like safety valve    they can  find what will be harmful of the company 

 they working  on it , and delivering  the good recommendations regarding  and follow finical policies     

Ahmed mohsen
by Ahmed mohsen , Senior Accountant , Main Poly Clinic

The work of an internal auditor differs to that of external auditors as they look at more than financial and accounting risks. They also consider factors such as reputation, growth, environmental impact, treatment of employees and ethics.

Their work helps senior management to provide evidence to stakeholders that they are managing the business effectively.

manseer muhammed ali
by manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

To be effective, the internal audit activity must have qualified, skilled and experienced people who can work in accordance with the Code of Ethics  and the International Standards.

Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

The internal audit functions in monitoring activities have grown in recent years. The importance of internal audit opinions :as their role expandso, many auditors are providing opinions on governance, risk management, and internal control. They're effective for the prosperity of .any business

Anser Mehmood
by Anser Mehmood , Senior Accountant , FALCOR ENGINEERING & CONTRACTING SERVICES LLC

Internal Auditors may be highly effective for the prosperity of a business. It is basic job of an internal auditor to check whether company policies and procedures are being implemented in routine business or not. Internal Auditor also highlight the weak areas of busines and recommend steps for improvements. 

Internal Auditors report to the company management. 

Attiquah Rahim
by Attiquah Rahim , General Manager Operations , Best Buy Trading

Internal auditors are there to help you fix our errors.  I find them to be helpful.  They prepare us for the IRS and other external audit firms that may not show leniency and fine is for those errors.  In publicly traded companies the board of directors can create havoc if fines or garnishments are put onto a firm.  Moreover, most blacklisted firms are more often audited.

More Questions Like This