Internal audit failure leads to corporate governance failure: Toshiba – a case of internal audit failure Toshiba, a 140-year-old pillar of Japan Inc, is caught up in the country’s biggest accounting scandal since 2011. In 2011, Olympus Corp was embroiled in a scandal. In July 2015, Toshiba Corp president Hisao Tanaka and his two predecessors […]
Where is Internal Audit, into an increasingly technology-driven, innovation-oriented, risky, and disruptive future: The world is entering the fourth industrial revolution and new technologies, digitalization, and artificial intelligence are dramatically changing the business landscape. That means organisations are hurtling into an increasingly technology-driven, innovation-oriented, risky, and disruptive future. The question is now where is the […]
The fundamental role of internal audit is to assist management to attain organization’s goals. It also provides assurance that the management has implemented a satisfactory internal control system for risk prevention. In accumulating, internal audit provide internal consulting services to the whole organization in terms of facilitation, advices, training and counsels. According to IIA “Internal auditing is […]
