COVER IMAGE: PETE MCARTHUR. THIS PAGE FROM TOP: ED FOTHERINGHAM, TIMOTH Y COOK
FEBRUARY 2004 VOLUME LXI:I
is to share
practices and provide
news analysis and
around the world
need to do their jobs
in the modern
38 learning to love the scrutiny Initiating a quality assessment can
help an internal audit group come out on top. BY MICHAEL P. FABRIZIUS AND
RICHARD M. SERAFINI
45 making sense of sarbanes-oxley tools Auditors looking to
automate Sarbanes-Oxley compliance tasks face an abundance of software
options. Understanding how the tools break down by category may help shed
light on this rapidly growing product niche. BY RICHARD B. LANZA
52 an uphill battle The European Commission’s internal audit chief,
Jules Muis, has battled a culture resistant to modern conceptions of control
and responsibility. BY MICHAEL BARRIER
57 on the lighter side J. MICHAEL JACKA’S “Auditors Anonymous” gives
new meaning to “AA.”
60 keeping bribery at bay Knowledge of the U.S. Foreign Corrupt
Practices Act’s anti-bribery provisions, combined with a tool for measuring
bribe propensity, can help stem the risk of illegal payments.
BY PAUL J. HERZ AND ROBERT K. LARSON
69 make it easy; they will come Corporations are liable for the
criminal and fraudulent acts of their employees. But, they can mitigate the
risk by demonstrating a solid internal corporate compliance program for
employee reporting. BY CAROL B. JOHNSON AND CHARLOTTE J. WRIGHT
74 world-class audit and control practices John Hancock’s
detailed processes are proving effective in meeting the requirements of
Sarbanes-Oxley. BY DONALD B. ROBITAILLE
6 editor’s note
8 contributors page
15 update IIA revises Standards;
security costs soar; and audit
committees receive new guidance.
82 risk watch Connecting with the
85 ask the experts Is value added
by auditing a closing site?
89 fraud findings A little due
diligence goes a long way.
27 back to basics Making good
first and last impressions.
96 in my opinion Defining a “hero.”
31 computers & auditing A look at
the IT dimension of Sarbanes-Oxley.
35 governance perspectives
Balancing the relationship among the
key players in corporate governance.
92 cpe quiz (december 2003)
94 advertisers’ index
95 job market
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