Outsourcing Of Internal Audit Function

OUTSOURCING OF THE AUDIT FUNCTION Prepared for Mr. HAIDAR MADANI Accounting 406 Date: January 1, 2011 By Layian Mallah ID# 200617460 Abstract This musical composition entrust show how in-chief(postnominal) is the outsourcing of audit intent. Also it will arrange the inseparable auditing and how could it economic aid the organization to improve. The second section of the report which is the outsourcing of audit function will show the meaning of the outsourcing and what should be done and what to be concerned of when such an arrangement would micturate place. TABLE OF contents INTRODUCTION........ I. INTERNAL AUDITING... a. What is Internal Auditing? .. b. How Does Internal Auditing friend Organizations to obtain Their Objectives? II. OUTSOURCING THE AUDIT FUNCTION.. a. The Meaning of Outsourcing the Audit Function. . b. Outsourcing Options. .. 1. panoptic Outsour cing. . 2. uncomplete Outsourcing. . c. Outsourcing Contract and Some considerations. III. DISCUTION AND ANALYSIS. a. Argument in regard of outsourcing the internal audit function. 1. Mix of skills. .. 2. Management ability. .

3. Knowledge of scoop up practices. . 4. Variable cost. . ... 5. Quick access. . ... 6. Reduced travel costs. . ... 7. No downtime. . .. 8. No hiring and training costs. . b. Argument against outsourcing of internal audit function 1. Cost. ... 2. Training. 3. Experience. 4. Responsibility....If you unavoidableness to puddle a full essay, order it on our website: OrderEssay.net

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