The European - Issue 17/2010

Moving onto new territory

The European Commission’s Internal Audit Service has come a long way since its creation amid financial scandal a decade ago. Neil Baker talks to its leader, Brian Gray. ''The IAS has covered all of the territory that it should look at, so the question is what do we do next?''

Drawing a fine line

The division of labour between external and internal auditors is not an easy one to make in the post- Enron world. Arthur Piper reports, ''Stakeholders are always better supported by internal audit external auditors when a broad overall audit scope and a clear division of roles are provided. Financial reporting matters and policies regarding earnings measurement should not be left to the external auditors alone.''

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