Best Practices Article -- Internal Audit: The Board's Agent on the Ground -- by David Chiang

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David Chiang, the Director of Professional Services with ACL Services, Ltd., has published a new feature article on Corporate Compliance Insights detailing several best practices for internal audit departments and Chief Audit Executives.

Corporate Compliance Insights, an online forum for knowledge exchange between successful compliance executives, has released a new feature article.

The article is entitled "Internal Audit: The Board's Agent on the Ground" and was contributed to Corporate Compliance Insights by one of its featured contributors David Chiang, the Director of Professional Services with ACL Services, Ltd.

"Internal Audit: The Board's Agent on the Gound" can be viewed at the following link:

http://www.corporatecomplianceinsights.com/2009/cae-audit-charter-information-technology

In the article, David Chiang discusses a variety of best practices that can be employed to ensure the success of internal audit departments.

As stated in the article, Mr. Chiang has seen first-hand the importance of establishing and supporting "an effective internal auditing department. Internal audit needs to comply with industry best practices and develop a strong reporting relationship to the audit committee. Just as board members are playing a more active part in ensuring airtight corporate controls, the internal audit team and the CAE are expected to provide increased oversight into all areas of the business."

A few of the article's key points are:

  • Audit charters can provide a formal structure that clearly outline tasks and responsibilities of the internal audit department, IT, and the role of technology in audit activities and continuous monitoring.
  • Technology is critical today to help internal audit effectively report to the board and the audit committee.
  • Risk and compliance monitoring must be supported by strong, effective governance.

David Chiang, ACDA, CA.CIA, CMC, is a recognized professional on the use of audit analytics to monitor organizational compliance. He has presented his theories and case studies at numerous internal audit and system control conferences throughout North America. David Chiang is currently Director, Professional Services with ACL Services Ltd. - a Vancouver-based software company that provides audit analytic technologies to the Governance, Risk and Compliance market.

http://www.corporatecomplianceinsights.com/authors/david-chiang

Corporate Compliance Insights is a professionally designed and managed forum dedicated to online discussion and analysis of compliance topics. CCI personally extends author invitations to experienced and high profile professionals in the Compliance Community. A new feature article written by a successful compliance executive or professional is posted each week. To learn more about becoming a featured author for Corporate Compliance Insights, visit the Write for CCI page.

http://www.corporatecomplianceinsights.com/write

CCI is sponsored by Conselium, a personalized executive search firm that specializes in the area of compliance. Founded in 2001, with offices in Dallas and Houston, Conselium works with candidates and companies across the country and has become the most respected name for compliance search services in the U.S. Call 972-934-8444 or visit http://www.conselium.com for more information.

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