Auditing – Internal and External

Since the Sarbanes-Oxley Act (SOX) that imposed strict regulations and reporting requirements on publically-held companies was introduced in 2002, internal auditors' roles have shifted from record verification to ensuring companies comply with policies and regulations. (For more details see Sarbanes-Oxley and Accounts Receivable and SOX Controls for Accounts Receivable.)Internal AuditingThe Institute of Internal Auditors describes...