Description
Reinforcing the revelations of a vigilant internal audit function and remediation to achieve audit risk coverage
Due to globalisation and in response to cost pressure, technological advancement and the changes in financial environment due to the Sarbanes Oxley has addressed the perceived internal controls which refer to the systems a public company employs to collect, process, and disclose financial information to satisfy its statutory reporting requirements. Globalisation and technological advancement has had a dramatic impact on how companies structure their business operations and processes together with the changes in regulations and stakeholders demands within the complexity of multinational corporations have heavily influenced corporate efforts in strengthening the internal audit control, risk identification and management.
The recent corporate fraud cases throughout Asia have demonstrated the inadequacy of internal controls and audit especially with regards to revenue generation. This has caused the changing roles of internal audits and the evolution of risk management practices within organisations.
marcus evans Internal Audit Risk Control and Remediation Asia 2010 conference will address gaps within functions by leveraging the corporate governance activity by continuously elevating risk assessment strategies, integrating with risk based auditing and compliance functions and spearheading the scope and functions towards more value in response to outgoing cost pressures and changing business landscape.
