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Published on: February 2008
Type of content: WHITE PAPER
Format: Adobe Acrobat (.pdf)
Length: 4 pages
Price: FREE

Overview:
An audit effects the entire organization but is the responsibility of a chosen few. Once thought of as the administrative office, Accounting and Finance Departments as a whole have grown in strategic responsibility. They now must provide clear and spot-on accurate information to audit committees, treasury groups and corporate executives. Regulations and legislations not only require accuracy, but transparency. As a result, internal auditing has been thrust into a pivotal role, tasked with being the stewards of accountability trails that ensure organizations are in compliance with regulations and standards. Businesses must proactively prepare for external and internal audits to survive the scrutiny.