Corporation Internal Auditors

The internal auditor should establish responsibility for the Audit Division in close cooperation with the Audit Committee and it should be supported by the Board of Directors and management. However, management sometimes ignores the internal audit process and may choose to concentrate time and resources in areas that we believe are difficult to reach final revenue. The internal auditor is responsible for taking appropriate control measures. (Metricstream, n.d) Independent independence means that the internal audit work is not subject to the ability to fairly carry out internal audit work.

The internal auditor is a company employee and is responsible for an independent objective assessment of the company's financial and operational business activities, including corporate governance. The internal auditor also evaluates operational efficiency and usually reports on top management how to improve the overall structure and practices of the company. The Association of Internal Auditors (IIA) was founded in 1941 and currently based in Florida and is an international specialized agency that sets standards, guidelines, best practices, and ethics for practitioners. IIA defines internal audits as "independent and objective assurance and advice activities aimed at enhancing added value and improving organization management".

Recently, internal audit function is the focus of the company. The internal auditor deeply understands the organization's processes, policies, and procedures. By working with management, they provide valuable business knowledge and industry insight to the company, and can often engage the board of directors. This experience may affect their other careers. "I thought it was very easy to lose sight of the numbers from the audit of financial services.I was too busy to make AR function.The figures agreed that I forgot the goal that I actually wanted to accomplish. It is necessary to look up the problem retrospectively facing the entire company. Let's see the whole picture rather than go into details. "