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Internal Auditor role in entities where Corporate governance is weak is often considered irritating, employees do not like the person on this position. Is this true keeping in view your own organization?
A successul internal auditor is one with a mission ! And this mission is to promote corporate governance practices and a healthy tone at the top. So in a situation where corporate governance is weak or does not exist ,internal auditors should educate both management and employees on the importance of CG and help them start the process od establishing one.
No, the internal auditor is a thermometer to make sure the financial health of the entries
Yes I agree!
it is Internal Auditor accountablity to ensure effective/effcient corporate governance.Its a job to recommend best practices for internal control,corporate governance, risk managemnt for creating win win situation between firm and employess up to its maximum extent.
It is the duty of the internal auditor to make sure the corporate entity has strong Governance mechanism. If the Governance is weak in such an entity, it is the resposibility of the internal auditor to communicate the importance of effective corporate governance and consequenses that may affect such entity to the management and employees.
Yes, I agree. It is a fact to have this situation where the corporate governance is weak. Such weakness of governance leads to isolate the function of internal audit from other departments. Thus, it becomes irritating to them.
