Outsourcing Internal Audits: A Boon or Bane? Available to Purchase

There has been an intensified recognition of the importance of corporate operational audits since the Foreign Corrupt Practices Act and the Treadway Commission Report. As a consequence, outsourcing (or contract) internal auditing has become a new service arena for many public accounting firms. This also looms as a new challenge to internal audit professionals. Examines the service forms, advantages, and disadvantages of contract internal auditing. Discusses the implications of such a new trend from the perspectives of individual practitioners and the profession as a whole.