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Internal Auditor

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Internal auditor
An employee of a company who analyzes the company's accounting records to that the company is following and complying with all regulations.

Internal Auditor
A person or persons employed by a company who review their own company's business activities to identify inefficiencies, reduce costs, and otherwise achieve organizational objectives. Internal auditors may investigate potential theft or fraud and ensure compliance with applicable regulations and policies. They also assist in risk management. In a large company, especially a publicly traded one, internal auditing is conducted by a board independent from any management and answerable only to an audit committee, a subcommittee on the board of directors. The growth of internal audits accelerated following the 2002 passage of the Sarbanes-Oxley Act, which increased the accounting regulations for public companies.


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New York, 1976-81, Internal Auditor, traveling to different locations and auditing the various operations provided valuable insight into the company; National Distillers and Chemical Corp.
Exley is deputy auditor general of the Navy and has served as a DoD internal auditor for 35 years, He holds a master's degree in business administration, and he is a certified public accountant, a certified internal auditor, a certified fraud examiner, and a certified government financial manager.
More than half of respondents said Sarbanes-Oxley had led to an increase in internal audit resources, but 32%--the same percentage as in 2005--said they have been actively recruiting people to fill internal auditor positions that had been vacant for six months or longer.
 
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