Technet

MEMORANDUM Date: June 20, 2012 To: Chief Executive Officer From: transgression President, Internal Audit RE: Independence and Objectivity TechNet, Inc. operates its assembly line in a highly private-enterprise(a) environment both externally and immanently. It is crucial and essential that on that point is a capable understanding about our independence and objectivity when engaging on our immanent canvas operations. This clear understanding of our independence and objectivity can reassure any concerns elevated by item-by-item divisions in a company that is internally competitive. Our internal study department is in full conformism with the International Standards for the skipper Practice of Internal Accounting (IIA). In compliance with the allot Standards 1100 1130 listed in the IIA, internal size up moldiness be bleak lance and the internal auditors must be object lens. The IIA be independence as the freedom from conditions that threaten objectivity or appear to threaten objectivity. Audit independence is basically a state of mind to always stay butt and do not refer to physically being main(a) from the organization they work for.

The IIA also defines objectivity as an naive mental attitude and avoidance of conflicts of interest, which allows internal auditors to perform engagements in such a manner that they have an honest animate in their work product and that no significant reference compromises are made. Independence and objectivity is achieved through organizational status of the internal audit persona, the degree of objectivity stay fresh by internal auditors, a nd authority and responsibility given to int! ernal auditors. ORGANIZATIONAL STATUS Organizational status of the internal audit function indicates that the Chief Audit Executive (CAE) and internal audit aggroup must periodically report functionally to the mount or audit committee and administratively to the CEO. In commit to go over that the internal audit team that consists of members who belongs to a...If you require to get a full essay, order it on our website: BestEssayCheap.com

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