Iffy independence: compensation rules in the audit department put a new manager in a tough position.
Internal Auditor › Vol. 61 Nbr. 5, October 2004
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Iffy independence: compensation rules in the audit department put a new manager in a tough position.
SUSAN IS THE NEW INTERNAL audit manager of American Insurance, a national insurance brokerage company with $1 billion in annual sales. Based in New England, the company has been in business for several decades and employs about 500 people. Susan reports to the audit director, who reports to the company's chief executive officer (CEO).
Each year, the 11 internal audit staff members are required to sign The IIA's Code of Ethics as well as a company code of conduct concerning disclos...See the full content of this document
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