They’ve further been called to refrain from policing role for long-term values of the institutions they work for.
Speaking here yesterday during the ongoing 12th annual internal audit conference organised by the Institute of Internal Auditors Tanzania (IIA), former Chief Finance Officer with the now defunct US based Enron Corporation, Andrew Stuart Fastow advised the auditors to stick to their advisory roles instead of policing roles.
“What you consider unethical can be ethical in the same eyes of the organisation you are working for,” he counseled the internal auditors gathered at the Arusha International Conference Centre (AICC) yesterday.
Fallow who was sacked by the energy trading company before it was declared bankrupt in 2001 said internal auditors were crucial in advisory roles and that policing was detrimental to their careers.
On October 31, 2002, Fastow was indicted by a federal grand jury in Houston, Texas on 78 counts including fraud, money laundering, and conspiracy.
He was sentenced to six years in prison, followed by two years of probation.
Earlier on, the Chairman for the African Federation of Institutes of Internal auditors (AFIIA), Eric Yankah, advised the auditors…
