What are you doing next Thursday? Oh, wait, I already know the answer: You’re joining us at 10am Pacific (1pm Eastern) for Internal Audit Insider Tips—right? I mean, it’s not like anyone would want to miss the chance to talk about audits for an hour.
Joking aside, our upcoming webinar promises to be stuffed with essential information about fair lending requirements and the function of internal audits. Judging from the numerous people who have already signed up, it will be a well-attended webinar, too. It seems that even though no one loves thinking about audits, lenders understand why they have to: because capital partners, and not just regulators, expect them to.
Can’t wait until October 19th to start learning about audits? Go, you. If you’ve already signed up, familiarized yourself with the topic, and met our panel of industry veterans, let’s review what makes audits so important.
The Houston Chronicle, always dependable for business knowledge, has published an article on that very topic. Contributor Jeffrey Thomas writes:
“Internal audits provide a number of important services to company management. These include detecting and preventing fraud, testing internal control, and monitoring compliance with company policy and government regulation. Smaller companies may require these functions even more than large companies. A small business simply cannot afford employee fraud, waste, or a government fine. Establishing an internal audit function provides a vital step in the growth of a small business.”
Thomas looks at 3 reasons organizations of all sizes need to regularly perform audits:
- to prevent fraud,
- to monitor internal controls, and
- to discover opportunities to operate more efficiently.
The article’s a quick read, and a great introduction to the topic, so what are you waiting for? Click here to read “The Importance of the Internal Audit Function in a Company.”
Don’t Forget: Reserve Your Spot for Our October 19th Audit Webinar
By the way, we just added another speaker to our panel: the illustrious Professor Joe will be there to take attendance and give a lesson on using Compligo to help conduct an internal audit. Register for the Internal Audit Insider Tips webinar today.