The internal control debate

Article Abstract:

The Auditing Practices Board (APB) is encouraging the public to participate in a discussion of the issues pertaining to directors and auditors reporting on internal control effectiveness. The Board has already released the discussion paper, 'Internal Financing Control Effectiveness,' in Apr. 1995 and will accept comments on this document from the public until Jul. 1, 1995. It has also scheduled a public debate on internal control effectiveness reporting sometime in June. By bringing these issues to public attention, the Board hopes to resolve the questions of how such reporting should be implemented and whether this measure will really help strengthen company internal controls. There is some concern that the introduction of public reporting on internal control effectiveness may backfire and inadvertently reduce the effectiveness of auditors and audit committees.

Management, Disclosure statements (Accounting), Auditing Practices Committee

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Internal audit - A career path or a dead end?

Article Abstract:

In Great Britain, one of the main advantages of working as an internal auditor is exposure to senior management on a daily basis. To determine whether a company and its audit department are suitable for the prospective auditor, it is suggested that one consider the type and size of the company and the size of the department, that one become acquainted socially with prospective colleagues, and that one find out about the audit approach of the department and whether the employing company encourages employees' career development.

Career development

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The MBA option

Article Abstract:

The Master of Business Administration degree is gaining popularity among the accounting professionals in Great Britain. It can open doors for young people in the profession, and it can also provide the right boost for those in mid-career who are looking for a path to private industry. The setbacks are the high costs involved, the inflexibility of some academic programs, and the potential negative attitudes from fellow employees.

United Kingdom, Accounting, Master of business administration degree, Study and teaching

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