Assumptions About Internal Audit

Описание к видео Assumptions About Internal Audit

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Hi y'all! Today I'm chatting about some common assumptions or misconceptions that people in public accounting may have about internal audit. Hope it's fun to hear since I've been in both external and internal audit :) Let me know if you have any assumptions about internal or external audit or accounting and I can do more videos!

01:37 Internal Audit is boring and monotonous. All you do is test internal controls.
05:36 Operational audits and controls aren't as interesting or important as SOX/ICFR controls.
10:02 Why do internal auditors or industry accountants not get deliverables to external auditors immediately? What do they even do all day?
13:24 Internal auditors must be incompetent because their documentation isn't "as good as" external audit.

Other videos that may be helpful:
What Does Accounting and Auditing Mean?    • What Does Accounting and Auditing (Pu...  
All About SOX and Internal Controls Testing    • Sarbanes-Oxley (SOX) & Auditing Inter...  
Explaining an External Audit from Start to Finish    • Financial Statement (Substantive) Aud...  
What It's Like Being in Public Accounting    • What It's Like to be in Public Accoun...  
What It's Like Being in Internal Audit    • What I Do For A Living: Internal Audi...  
Why I Chose Accounting    • Why I Chose Accounting [CPA, Public A...  
5 Reasons Accounting Isn't For You    • Why Accounting Isn't For You + Why Ho...  

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