* CO-SOURCING PITFALLS INCLUDE possible turf battles between staff and outside partners, and the development of a "silo mentality," where internal audit staff
focuses so much on the department's functional core it fails to oversee global monitoring and profitability issues.
For one thing, they should mandate that all companies that file with the SEC have independent audit committees of the board of directors and that the internal audit staff
head report to that committee.
The board of directors, management of the bank, and the external auditors concluded that full utilization of the institution's existing internal audit staff
was the most cost effective manner to implement FDICIA.
The entire business process must be studied and redesigned, and it is essential that internal audit staff
be involved early in the decision and implementation process.
Where appropriate, internal audit staff
members were given new jobs within the organization, and line managers were instructed to take responsibility.
Homes, Houston, expected to add to his financial staff as well as to his internal audit staff
in the near future.
To what extent and in what areas can we rely on your existing internal audit staff
to support us?
Additionally, Cantor Fitzgerald's internal audit staff
may test BPC during 2018 as part of the company's integration into NKF and for annual SOX audit testing.
Before approving an additional Dh486,000 loan for the third defendant, the bank's internal audit staff
double-checked the documents submitted by the first and second defendants, only to find out that they were forged.
Citing an ongoing probe, neither Bush nor his aides offered details about how the audit of Alamo Complex Management - prepared by his agency's own internal audit staff
- was changed or who changed it.
PESHAWAR -- Khyber Pakhtunkhwa Assembly's Selection Committee Tuesday decided that all the requirements must be fulfilled according to rules and consideration of provincial assembly regarding regularization of Internal Audit Staff