“How do internal and external auditors differ and how should they relate?” Although they remain independent of the activities they audit, internal auditors are integral to the organization by providing continuous monitoring and assessment of all activities. External auditors, however, are entirely independent of the organization. They strictly assess an annual opinion on its financial...Read More
Develop and enforce standards in all of your endeavors. Learn to exercise control, either implicitly or explicitly. Most endeavors will improve with explicit control. This is particularly true with certification examinations. Practice your question answering techniques as you prepare answers/solutions to practice questions/problems during your study program. Develop explicit control over your study programs based...Read More
Endorsed Internal Auditing Programs The IIA sponsors Endorsed Internal Auditing Programs (EIAP) at colleges and universities that offer quality internal audit undergraduate- and/or graduate-level programs on a continuing basis. EIAP schools offer a curriculum of study in internal audit-related disciplines with at least two courses in internal auditing, each offered at least once a year....Read More
Question: Just what is the Sarbanes-Oxley Act and how has it increased the demand of internal auditors? Answer: The U.S. federal Sarbanes-Oxley Act was created to protect investors by improving the accuracy and reliability of corporate disclosures. The act covers issues such as establishing a public company accounting oversight board, auditor independence, corporate responsibility and...Read More
Sometimes I hear the phrases “research foundation” and “The IIA” mentioned in the same sentence. Can you explain the relationship between these seemingly unrelated entities? The Institute of Internal Auditors Research Foundation (IIARF) was founded in 1976 by The Institute of Internal Auditors (IIA). The IIA formed the foundation as a tax-exempt corporation to provide...Read More
Take a Break from Break Time Discussions Do not discuss the examination with other candidates during the break periods between exam times. Such conversations can increase stress and reduce confidence. The IIA does not grade these discussions. Why, then, should you allow them to negatively influence your performance? Give your a brain and body a...Read More
If Not You, Then Who? As an internal auditor, you are better positioned than anyone else in your organization to educate your audit committee. It is your responsibility to keep your committee informed about appropriate audit committee activities and processes, what should be included in the audit committee charter, new rules and regulations, the status...Read More
Question: My friends and family ask me for a definition of internal auditing. Unfortunately, my explanations tend to be too long and technical. Can you give me a brief yet accurate answer to that question? Once they understand the career field I would like to enter, they may lend more support toward my goal of...Read More
To keep test anxiety to a minimum during exam day, you should arrive to the site at least half an hour prior to taking the test. This will give you time to collect your thoughts and belongings. An early arrival will also allow you to visit the restroom, get a drink and check in without...Read More
