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IA001 Internal Auditing Fundamentals

tag 0 Download 8 Pages / 1,852 Words tag 31-08-2021

Question:

J. Edgar Hoover, first Director of the Federal Bureau of Investigation (FBI) in the United States famously quoted "At a given moment, there is a certain percentage of the population that's up to no good." 

Findley Gillespie, Partner with Moss Adams LLP applied this to internal controls in organizations, saying: "Internal controls - not only are they good to help reduce some of the exposures, especially in today's economy. Not only — well, not only are they good to help scale and provide for growth, they really help you achieve your business results, whatever the organization you're representing is today."

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Critically consider and evaluate the statements above, justifying your arguments with relevant literature and case studies/examples. 
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