1. Finlay & Associates Internal Audit & Risk Analysis

2. Internal Auditing Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.  It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

3. Managers are responsible for designing control processes that provide reasonable assurance the following business objectives can be achieved: • Effective and efficient operations • Compliance with laws and regulations • Reliable financial reporting

4. Internal auditors evaluate how well the control processes designed by managers function, and therefore the extent to which managers can have reasonable assurance business objectives will be realized. The internal audit function reports to top management and normally has direct communication with the audit committee and the board of directors. Because of their expertise and thorough knowledge of operations, internal auditors often fulfill a consulting role to top management.

5. Internal auditors should be independent of the activities they audit. Internal auditors are independent when they can carry out their work freely and objectively. Independence permits internal auditors to render the impartial and unbiased judgments essential to the proper conduct of audits. It is achieved through organizational status and objectivity. Continue reading: http://www.finlay-associates.com/index.cfm?i=13291&mid=4&ministryid=24392