Business Development

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The development of profession of the internal auditing in this era of globalization is rapidly increased, even the existence of the internal auditors have been acknowledged as a part of a business organization (corporate governance) that can assist the management for improving the company’s performance, especially from the aspect of control.

Where in its development, there have been changes of view to the profession of internal auditors from an old paradigm that is still oriented on finding mistakes (watchdog) towards a new paradigm that emphasizes on the role as a consultant and catalyst.

In addition, there has been a new approach in the internal audit which is risk based audit approach. The Institute of Internal Auditor on last year (2001) has been doing redefinition on internal auditing. Where it mentioned that internal auditing is an independent activity for setting goals and designing consultancy activities (consulting activity) which is value added and improve the company’s operational.

Therefore, internal auditing is helping the organization to achieve its goals with directed and systematic approach for assessing and evaluating the effectiveness of risk management through its operational (control) and good governance processes.

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Tags: companys performance, internal auditing, risk management . This entry was posted on Monday, August 2nd, 2010 at 3:02 pm and is filed under Company Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.