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What Is a Purchase Order Request?
Understanding Key Financial Ratios
Why Choose an Enrolled Agent vs. a CPA?
How to Prepare Closing Entries
Understanding Bank Financial Statements
Preparing Consolidated Financial Statements
What Are the Requirements for Taking the CPA Exam?
How to Format an Income Statement
Classifying Assets & Liabilities
Types of Accounting Careers
Analyzing Financial Statements
Specialized Fields of Accounting
Role of an Internal Auditor
How to Calculate Margin Percentage
Types of Internal Controls
How to Calculate Sales
How to Become a CPA
How to Fill Out a Financial Statement
How to Define Owner's Equity
How to Calculate CAPM
Calculating Cost of Goods Sold
How to Read a Balance Sheet
Types of Accounting
How to Evaluate a Cash Flow Statement
How to Format a Cash Flow Statement
How to Calculate Return on Assets
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Summary: The role of an internal auditor is to look over the internal financial controls of a particular company. Internal auditors are often certified by the Institute of Internal Auditors. Find out how companies on the New York Stock Exchange have listed information on whether they do internal auditing with information from a certified public accountant in this free video on auditing.
Miranda Chook is a CPA with expertise in international operations. She has held executive positions with both publicly listed and privately held companies. In addition to her finance...read more
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"My name's Miranda Chook, a CPA. Internal auditors audit internal controls for a particular company, so that is why they are internal to the company rather than being external auditors who will audit a company's financial statements. Many internal auditors actually have a CIA or Certified Internal Auditor designation that after they meet certain education and testing requirements by the Institute of Internal Auditors. Internal auditors, as I mentioned, audit the controls and internal controls of the company, and frequently, the work of internal auditors can be relied upon by the external auditors in reducing the extent and timing of their test. With the congressional passage of the Sarbanes-Oxley Act a few years ago, that created a huge need for internal auditors. There was also a requirement that New York Stock Exchange list a companies have an internal audit function. Now, this function can be outsourced, but management does have to maintain the oversight for the audit plan, findings and mediation."
eHow Article: Role of an Internal Auditor
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