Professor Elam

Tuesday Nov 10, 2015

This article suggests Internal Auditors can help by focusing on the corporate culture.

A breakdown in appropriate behavior usually precedes a financial calamity. Arthur Andersen, Enron, WorldCom, and yes Penn State are all examples. For example in auditing payroll bonuses, IA can ask of the bonus is rewarding the right behavior that mirrors  the vision mission of the firm.

These days IA does a lot more than just add up the numbers.