Blog: John Myers: Changing Role of Internal Auditors

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Changing Role of Internal Auditors

With the changing nature of business, internal control and audit teams will continue to evolve. This evolution will have both internal and external drivers. Sarah Johnson has an excellent look at how pulling back to "material misstatement" levels and changing expectations will impact the roles of teams implementing internal controls.

The key to this will be how those teams utilize "risk assessment" strategies to focus their efforts to satisfy Sarbox and internal stakeholders. For telecom, this will focus on revenues, costs and areas of "public exposure" ( ...see the recent NSA issues re-surface... ).

Technorati Tags: BAM, Business Activity Monitoring, Risk Management, Sarbanes Oxley, Internal Control, Internal Audit, Sarah Johnson