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KPMG: Internal Audit Talent Shortage Challenges Companies, Audit Committees

Companies are struggling to find qualified internal audit talent, as audit departments cope with greater responsibilities while needing additional -- and different -- resources.

Corporate management is asking internal audit to find new ways to help achieve strategic objectives. They expect internal audit to extend its role beyond internal controls assessment, and use its quantitative skills and risk knowledge to help improve risk management and processes, and reduce complexity and costs.

To meet these responsibilities, internal audit departments generally require greater, specialized resources -- and that poses a challenge in the current business environment.

Euronet Worldwide Audit Committee Chair Jeannine Strandjord, who spoke at last week's KPMG Audit Committee Institute (ACI) roundtable in Kansas City, said the demand for talented internal audit professionals has increased appreciably.

"They [companies] are spending a lot more time finding qualified internal auditors," she said.

KPMG: Internal Audit Talent Shortage Challenges Companies, Audit Committees

Full post as published by inside Sarbanes Oxley on December 13, 2007 (boomark / email).

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Can I be fired for working a second job?
sadly you can be fired for anything thats not discriminatory, so yeah you can.

Can my employer threaten me with termination if I don't seek a transfer to another department?
In many jurisdictions, employees are "at will". This means that their employmen...

Can auto insurance companies charge higher insurance rates to those car owners living in high crimes areas?
Unfortunately, when you purchase auto insurance you are participating in a share...