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The Benefits of Hiring an Internal Auditor

A client has an out-of-control system and a recommendation has been made to hire an internal accountant.

Write a recommendation brief for the client in which you justify the benefits of using an internal auditor. Conclude your recommendation by referring a particular person for the job based on their background. Explain how that background experience of your referral will benefit the client firm.

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How important is it to hire an internal auditor? What are the benefits that we can get from this decision? Businesses define the role of an internal auditor as internal audits vary by scope, number of auditors involved and even the subject matters themselves. The internal auditor can audit almost anything from financial statements to human resources or customer service processes. Hence, even if his/her primary function is to look over the figures, he is also concerned of the processes that the company has devised. Also, the auditor has no interest in the failure, success, accuracy or feasibility of the data he/she examines. However, his/her role is very significant because he/she makes sure that the company has complied with the federal and state laws thereby protecting the ...

Solution Summary

The solution explains the benefits of hiring an internal auditor in 503 words with 2 references. References included.