SOX is Red Hot For Nonprofits The Sarbanes-Oxley Act of 2002 is prompting nonprofit organizations to examine their auditing procedures and to avoid even the smallest amount of misapplication. Drexel University, which was featured in this month’s Internal Auditor, has examined SOX and adopted the best principles to ensure that their organization is reliable and...Read More
According to the IRS website, the Office of Professional Responsibility (OPR) is in the process of sending CPE Audit letters to approximately 300 Enrolled Agents with Social Security numbers ending in 4, 5, or 6. All Enrolled Agents must certify on the Application for Renewal form that they have satisfied the CPE requirements as described...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
According to the IRS, Enrolled Agents with Social Security Numbers ending in 7, 8, or 9 (and foreign citizens without a Social Security Number) must renew their enrollment between November 1, 2005 and January 31, 2006. The application for renewal has been mailed out automatically to these Enrolled Agents. If you did not receive 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
The IIA is now endorsing CIA review programs at universities. The benefits of an IIA endorsed program are support of local IIA chapters, publications from the IIA, and increased opportunities for students concerning internships and employment. The students who participate in these programs are also better equipped to deal with the business world than students...Read More
