The Internal Audit and Activity Based Management
Forrest, Jonathan S., Forrest, Edward, The CPA Journal
The internal audit department is one of the most underutilized assets in most companies. Usually the audit function is limited to the identification and communication of routine difficulties and is not viewed as a value-added problem solving unit.
Successful corporations have realized that limiting the internal audit department's responsibilities to financial reporting and meeting statutory regulations is an outmoded approach. These organizations have enlarged their focus to include operational audits, consulting, and process improvement initiatives as a means of adding value to the function.
A further extension of the internal audit function that has yet to be fully …
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Publication information: Article title: The Internal Audit and Activity Based Management. Contributors: Forrest, Jonathan S. - Author, Forrest, Edward - Author. Magazine title: The CPA Journal. Volume: 69. Issue: 8 Publication date: August 1999. Page number: 65. © New York State Society of Certified Public Accountants Feb 2009. Provided by ProQuest LLC. All Rights Reserved.
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