Tuesday, April 14, 2009

IT risk, IFRS and XBRL top concerns for internal audit

Gaining a better understanding of IT risk, International Financial Reporting Standards (IFRS) and extensible business reporting language (XBRL) top the "to do" list for internal audit executives this year, according to the 2009 Internal Audit Capabilities and Needs Survey conducted by Protiviti, a global business consulting and internal audit firm. The survey also shows information security is on the top concerns list, but indicates that internal auditors are becoming more comfortable with the data security and privacy measures companies are implementing.