28 June 2002
In the ongoing governance debate post Enron, the structure of internal audit, the audit committee, and their internal and external relationships is rightly receiving a great deal of attention.
CIMA Chief Executive Charles Tilley said:
'If there is any silver lining to be had from Worldcom, it is that it has emphasised the importance of these relationships as well as the need for all significant organisations to have quality internal audit.'
CIMA has always been positive about the benefits to be obtained from quality internal auditing processes, and the framework within which internal audit needs to operate in order for organisations to achieve these benefits.
In 2000, CIMA collaborated on a report called Internal Audit: A Guide to Good Practice. Developed by a working party of accountancy and internal audit bodies in which CIMA took a lead, the issues covered in the report include the benefits of internal audit; internal audit products; the management of internal audit; the audit report and measurement of internal audit. It provides a comprehensive insight into the reasons for supporting the internal auditing process, and advice on how to get the best out of it.
Internal Audit: A Guide to Good Practice, price £10, is available from http://www.cimapublishing.com/, by email at publishing.sales@cimaglobal.com or by telephone on +44 (0)20 8849 2270/2277/2229
If you would like more information please contact our press office
Phone: +44 (0)20 8849 2407
Email: press@cimaglobal.com
