Internal Auditor College Essays Samples For Students

Part 1

Hiring qualified persons into an organization’s workforce remains one of the vital roles played by human resource managers. Typical recruitment exercises and interviews are channels through which managers will identify the right person for a vacant position. According to Heron (2005), the purpose of carrying a thorough assessment and testing on new employees is because certain tasks within an organization require specific technical and interpersonal skills. In practical context, customer relations officers should be friendly, presentable and with good communication skills. On the other hand, machine operators and engineers should possess substantial dexterity in dealing with tools and equipment within ...

- . The Institute of Internal Auditors""? (IIA""?s) Code of Ethics and International Standards for the Professional Practice of Internal Auditing (Standards) [Chapter 2]
One of the fundamental roles of internal auditing is to ensure that ethical behavior is promoted among the internal auditors. The ethics outline the principles and expectations that an internal auditor should possess while conducting internal auditing to improve the effectiveness of risk management. Ethics explain the principles that an internal auditor should follow while carrying out auditing. It also outlines the qualities that an internal auditor should possess. The standards put in ...

Audit in small businesses

It is true that the smaller companies are not legally bound to conduct an external audit every year. However, it is very important to state that the small companies can hire audit firms to perform an audit to identify their weaknesses and exact financial performance. Most of the small or medium size businesses are run by a sole proprietor or the partners, and it is very difficult for the owners of the business to check their own financial statements for the errors and manipulations. Moreover, self check is not enough for the future growth of the business. Therefore, in these ...

Corporate governance refers to a system in which companies in a given region are directed and controlled. It involves a set of relationships existing between the board, management, shareholders and any other stakeholders of the company. Corporate governance as well is instrumental in the provision of a structure of setting the objectives of a company, the means of attaining the set objectives and monitoring performance of the company. Corporate governance lies on four pillars which include accountability, transparency, fairness and responsibility (Sharar, 8). A corporate governance framework is necessary to safeguard the interest of the various stakeholders in any ...

Corporate governance refers to a system in which companies in a given region are directed and controlled. It involves a set of relationships existing between the board, management, shareholders and any other stakeholders of the company. Corporate governance as well is instrumental in the provision of a structure of setting the objectives of a company, the means of attaining the set objectives and monitoring performance of the company. Corporate governance lies on four pillars which include accountability, transparency, fairness and responsibility (Sharar, 8).
The Qatar Financial Market Authority (QFMA) was established in 2009 (Sharar, 8). After its establishment, QFMA ...

Question One

Phil shows that he was not fully prepared by arriving late. Although he was familiar with how long it would take to get to the organization, he did not adjust his time so as to arrive on time. Consequently, he missed several steps he should have undertaken in order to improve the quality of his audit. First, he did not have a comprehensive entrance meeting with the client so he did not have the opportunity to meet key personnel that will have significant involvement in the process considering the main contact person would not be available until the end ...

4. Discuss the issues and recent developments relevant to auditing social corporate
responsibility reporting. Provide your opinion (with support) on the extent US
companies and audit firms should engage in social corporate responsibility reporting.

Social corporate responsibility reports usually contain information on issues pertaining to the environment, human rights, safety, supply chain, and other social concerns. (McCuaig, 2006) These are public documents reported to non economic stakeholders, whose primary interests go beyond corporate money making and whose knowledge about the corporations are just fulfilled by the usual financial and regulatory reports. Thus, these reports sometimes come as a ...

Short Answers

Short Answers
The companies all over the world are using the IT to enhance the efficiency of their business. Due to this dependency, the numbers of IT frauds are increasing. The access of the restricted records and the database of the business to the irrelevant employee create a risk for the business. For example, an unauthorized user or employee can increase the pay scale of the individuals in the system of the business. Another important reason of IT frauds is that the proper supervision or the authorization measures are not taken by the organization. For example, the purchasing department ...