When do you know it’s time to set an internal audit function for your business? An internal audit group, or officer, is essential as soon as you start delegating key functions to other people, such as finance, cash disbursements and receipts, procurement of inventories, maintenance and even marketing.
Someone has to review if the work is done right and complying with policies and procedures to ensure that no cheating, fraud or abuse is happening.
The Center for Global Best Practices (CGBP) is launching this special program, titled “Best Business Practices on How to Set Up an Internal Audit System,” on May 10 and 11 at the Manila Marriott Hotel, Pasay City.
While external auditors play a big role in business, they rely only on the truthfulness of the financial statements provided…
