Reading Time: 2 minutes Lately many internal audit job postings either prefer or require Big 4 experience. The Big 4 are the four largest firms specializing in accounting or other professional services. They are PwC, Deloitte Touche Tohmatsu (Deloitte), Ernst & Young (EY), and KPMG. They are considered elite when it comes to industry exposure and training. Many new graduates can expect good salaries, long hours, lots of travel and lifelong contacts. Many will function as “external auditors” or financial statement auditors. The work consists of providing some assurance that the financial statements are fairly presented. Most will become familiar with Generally Accepted Accounting Principles (GAA) and will definitely know how to interpret “the numbers” of an organization.
Reading Time: 2 minutes The International Internal Audit Standards Board (IIASB) of the Institute of Internal Auditors (IIA) is proposing changes to the International Standards for the Professional Practice of Internal Auditing, also known as the Standards. For the most part, I believe that the Standards are headed in the right direction for the profession.
Reading Time: < 1 minute It is a well known fact that carrying a clip board can get you into almost any business. Depending on the circumstances, a clip board and a hard hat can get you into place that you may otherwise not be able to access. Many con men have used this technique. That is why, a recent news story about an attempted robbery of a Dunkin Donuts should be of no surprise to anyone.