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Reccomendation Brief For An Internal Audit

644 words - 3 pages

Recommendation Brief for an Internal Auditor
Jennifer Perkins
December 9, 2013
ACC 544
Tracie Youngblood

An internal auditor certifies a company’s financial statements are timely, relevant, and reliable. According to the American Accounting Association (1973), “Auditing is a systematic process of objectivity obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between the assertions and established criteria and communicating the results to interested users.” Internal auditing assists a company minimize business risks by satisfying the demand of timely, relevant, and reliable information. The ...view middle of the document...

Consequences
“The consequences are so important that reliable information, obtained and verified by information professionals is an absolute necessity” (Louwers, Ramsay, Sinason, & Strawser, 2007, p. 2). For example, when Enron shut down, their stock went from $90 to 90 cents in a little over a year leaving those who invested their entire savings with nothing.
Information Risk
“Information risk is the probability that the information circulated by a company will be fake or misleading” (Louwers, Ramsay, Sinason, & Strawser, 2007, p. 3). Companies will often provide incentives encouraging preparers and issuers of financial information to make the company’s financial status seem healthier than they are. Naturally, users have become skeptical. So users depend on information professionals such as internal auditors to lend their credibility.
Recommendation
Based on the needs of the company, I am recommending Amy Smith for the internal auditor position. She has more than six years of experience. In addition, she has a meticulous understanding of the practices, principles, and procedures of accounting. She has an incomparable understanding of audit procedures and...

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