Compas Blog

The Latest Audit Research – Internal Auditing, Utilizing Store Self-Assessments

Protiviti launched its rebalancing study in 2005 to assess how organizations rely on their internal audit departments for Sarbanes-Oxley compliance-related activities while seeking to “rebalance” these functions to also address more traditional internal audit responsibilities. More than 600 respondents – a majority of whom are chief audit executives, audit directors or audit managers – took part in the 2009 survey and fourth edition of the study, answering questions in two categories:  “Rebalancing Strategy” and “Internal Audit Organization and Focus.” http://www.protiviti.com/go/rebalancingsurvey

The highly popular Internal Auditing Around the World series tracks the growth and evolution of the internal audit industry and its professionals, who continue to rise to the ever-expanding demands created by the complexities of managing risks, monitoring controls, improving corporate governance and capitalizing on opportunities in international markets. The fifth edition of the study was released in October of this year. http://www.protiviti.com/go/iaaroundtheworld5

When self-assessments and validation are complemented by proper training, development of remediation plans, and timely follow-up on issues identified during the self-assessment and validation audits, store self-audits can be the first step toward a progressive and cost-effective method of consistently monitoring all stores and potentially improving the bottom line. http://www.protiviti.com/en-US/Insights/Whitepapers/Industry/Pages/Utilizing-Store-Self-Assessments.aspx.