Description

Managers need auditors. There are more risks in running anorganization than ever before ? whether it be in the public, private or non-profit sector. With the break-up of the statesector, the ambiguous intermediary role of ?not for profit?organizations, and turbulence in the marketplace through mergers, acquisitions and divestments, the seeds are sown for chaos and aculture in which fraud can flourish. Notorious corporate collapsessuch as BCCI, Maxwell Communications Corporation and Barings arecases in point. An updated and revised version of the auditingclassic The Manager and The Modern Internal Auditor, firstpublished in 1979, this new book highlights the necessity ofestablishing internal control in organizations and illustrates howinternal audit can be a highly effective means to avoid corporatedisaster. The authors present a proven formula for organizationalsuccess through the joint workings of managers and internalauditors as partners for profit, growth and sustainability. Theyexamine the latest insights into the needs and nature of managerialactivity and explain the complementary contribution that internalaudit can make. Whether the manager is planning and budgeting, organizing, directing, controlling or formulating strategic policy, the internal auditor's assistance is shown to be invalua