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Litigation

: The FRAUDfiles Blog

Why audits are near worthless (yes, internal audit too)

By Tracy Coenen

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Francine McKenna at re: The Auditors has an interesting post and set of comments about internal audit functions at public companies and the importance of internal auditors. External auditors look at a company’s financial statements and a small amount of underlying transactions in order to issue a report that the financial statements are properly presented. (It’s [...]

Full post as published by The FRAUDfiles Blog on November 02, 2008 (boomark / email).

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