Auditors generally describe risk in terms of probabilities. Risk arises from lack of information which in turn leads to uncertainty. Since uncertainty exists when information is deficient and information can be deficient in different ways, it follows that auditors deal with different types of...

Internal audit student internship programmes are an integral part of the curriculum for Institute of Internal Auditors (IIA) target schools of US universities. The internship concept is explored ‐ how it is implemented, its characteristics, and its advantages and disadvantages – at six...

Examines the usefulness of the case study method in the college classroom. Advocates the preparation of these cases from real‐life situations and their subsequent discussion. Suggests that this approach capitalizes on the strengths of analysing internal audit cases, and reveals some of the...

Discusses the importance of operational auditing and the crucial role of internal control in the audit process, providing a brief history of the beginnings of operational auditing and describing the recent report issued by the Committee of Sponsoring Organizations of the Treadway Commission...

Society′s recognition of the importance of internal auditing has increased in recent years. This has resulted in an increased recognition of the need for improving and formalizing the manner in which internal auditors are educated. Suggests some of the forces that have led to this increased...