Institute of Internal Auditors

2.3 Breach of duties by Internal Auditor According to the Institute of Internal Auditors (IIA), (2011), the internal auditing is a team of consultants, a department and a division or other practitioner which independent, have objective assurance and conduct a consulting activity which is designed to add value and improve the organization operations. The internal auditor can help an organization in achieving its objectives by bringing a discipline and systematic approach in order to improve and evaluate

Julie Cihacek Case #1: Cynthia Cooper and WorldCom Internal Auditing September 3rd, 2015 Cynthia Cooper was contemplating over this whole debacle with what was the right decision to make with her discovering “almost four billion dollars in questionable accounting entries”. (Mead) While contemplating something crossed her mind on deciding if she should speak up and become known as a whistleblower, is that her findings could cost WorldCom’s credibility, about seventy thousand employees would lose

Introduction: Internal Audit, as characterized by the Institute of Internal Auditors, is a free, objective assurance and counseling action intended to include esteem and enhance an association 's operations. It helps an association to perform its targets by bringing an orderly, restrained way to deal with assess and enhance the viability of risk management, control, and administration forms. The motivation behind the Office of Internal Audit is to give quality reviewing administrations to guarantee

WorldCom Inc. headquarters located in Clinton, Mississippi, Gene Morse was stunned to find an accounting entry for $500 million in expenses, which was not accounted for with any invoices. He immediately reported this entry to his boss, vice president of internal audit Cynthia Cooper (Pulliam & Solomon, 2002). Little did they know at the time that this discovery would begin a journey for Cooper and her team that would challenge their core values, ethical beliefs, moral principles, and strain their physical

Visit the websites for the Institute of Internal Auditor and the Association of Certified Fraud Examiners: http://www.theiia.org http://www.acfe.com In particular, read the code of ethics for both organizations at: http://www.theiia.org/guidance/additional-resources/ippf-processes/ http://www.acfe.com/about/cfe-rules.asp?copy=ethics 1. How do the codes complement each other? 2. Provide three other notable points of information from each site that either you learned for the first time or have found

themselves from corrupt deals as they eventually result in tarnishing an organization’s ability to perform as well meet its long term actualization. Proper assessment of organization’s financial statements with the exercise being conducted by external auditors encourages clarity and limits possible instances of fraudulent activities from taking place. Through an organization freeing itself from any avenue of fraudulence, it results in backing an organization to grow properly and move towards attaining

reporting practices; when and to who do they report the finding to? Once the auditor has this information, they need to determine the objective for the audit. Knowing this information will help to determine the approach to take. Next a structure will need to be developed; how will the audit report be communicated? This is a vital step when conveying potentially intricate detail, it must be clear to the receiver. The auditor

examine some of these previously mentioned certifications and others in the follow text. In addition, we will compare the similarities and differences of these certifications in order to assist UHD graduates in this complicated decision. Certified Internal Auditor (CIA) vs.

INTRODUCTION In compliance with the Colorado Department of Public Health and Environment (CDPHE) Internal Audit Charter, we have completed an audit of the internal controls on sole source contracting throughout the department. Our audit was conducted in accordance with the Standards for the Professional Practice of Internal Auditing. Sole Source purchases are defined as those purchases where only one vendor for the good or service being acquired is available. State Procurement Rules R-24-103-205

and in fact I continually improve myself for me to effectively perform my work. Making decisions within the company is not an easy task to do. Sometimes making the right decision may not seem right when it involves your own feelings. Being an internal auditor, my work involves examination and scrutinizing the work done by my co-workers. The job is not easy to do because there are person who