Recommendation Brief for an Internal Auditor Essay Example for Free

Recommendation Brief for an Internal Auditor endeavorThe client has a problem with an out of moderate system. So, the client is asking for a recommendation to plight an ingrained hearer. In this recommendation drawing the background benefits depart be discuss. In the same brief the justifying the benefits of using the internal attendee will be discuss. In conclusion a recommendation on a soulfulness whose has the background for the auditor.Benefits of Internal AuditorBefore discussing the benefits on internal auditor a definition of internal audit would be discuss. An employee of a companionship charged with providing independent and objective evaluations of the companys monetary and operational business activities, including its corporate governance. (Investopedia, 2013) In addition to financial and operational business, the auditor has to do evaluation on the operation efficacy. The evaluations are reported to the upper direct management. The reports could be in t he organise of recommendation. The recommendation would explain the methods to correct any areas that may non observe the laws and regulations.Benefits of an internal auditor are many. Also the benefits can be seen in the audit itself. According to the Institute of Internal Auditors, under ascribe Standard 2110 Governance the audit would 1. Promoting appropriate ethics and values within the organization 2. Ensuring effective organizational performance management and accountability 3. Communicating risk and visualise information to appropriate areas of the organization and 4. arrange the activities of and communicating information among the board, external and internal auditors and management. (theiia.org, 2013) In addition the IIA states under the performance mensuration the auditor must do the following1. Managing and Internal Audit Activities2. Planning3. Communication and Approval4. vision Management5. Policies and Procedures6. Coordination7. Reporting to Senior Managemen t and the board.( theiia.org, 2013) The above can be considering benefits because the auditor will ensure that the controls within the system would be running smoothly. The most important benefit of internal auditor would ensure that the audit would how the controls do have the effectiveness towards the risks. These risks would be found in the governance. The controls would1. Protect the company assets,2. The effectiveness of operations,3. Upholding (compliance) of the laws, regulations, policies.Background benefits the clientThe background benefits can help the client. The auditor would review the out of control system. once the review is do the auditor could write how to correct the weak area. The review would provide the methods. The auditor has to make a recommendation to the upper level of management. In the recommendation the correct methods need to cleave the out of the control system into a control system. The benefits for the client is a under control of the system. Once the control system is working properly the company would lower some the risk. Risk like non obeying the regulations established by the government. If the company does not correct the problem then the company would have solemn legal problems.Referring a person for the jobThe auditor job position needs to be filled. The person who will fill this would need to have a Bachelor in Accounting or master in Accounting. At least some experience as a auditor. There will, from time to time, a need to do overtime. Ms. Jane Doe would be an excellent candidate for the auditor position. Ms. Doe has five eld experience in auditing. Also, she has a Bachelors and Masters in Accounting. She has been an instructor college level accounting course. Ms. Doe recently receive her CPA license and is available to start right of way. stopping pointInternal Auditor has an important role in a company. The internal auditor would keep the control system up to date. Also make sure the companys control system do es not go out of control. The are several regulations and laws that must be observe. The auditor has communicated, control, evaluate, and protect the companys assets. The internal audit would show the weak areas or areas that are not in the accordance of the law. The internal auditor would make the necessary recommendation to the upper level management what changes have to be done to meet the laws and regulations.ReferencesFull Standards. (2013). Retrieved from http//www.theiia.org/guidance/standards-and-guidance/ippf/standards/full-standards/?search=risk www.investopedia.com. (2013). Definition of Internal Auditor. Retrieved from http//www.investopedia.com/terms/i/internalauditor.asp