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Is the “profession” of internal audit really delivering? Will it serve the needs of commerce/industry in the new millennium? Is it yet a profession? There is a growing sense of disquiet in companies over the increasing failure of internal control systems. Auditors seem reluctant to accept or address this. Could this represent the greatest opportunity so far for internal auditors or, if we accept the maxim that there are no such things as problems, only opportunities, are we as auditors confronted with an insurmountable opportunity? Looks forward to a brave new world if the challenge is accepted.

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