8. Professional certification and licensure.
Certified Internal Auditor.
A. The certified internal auditor is a certificate. The CIA certification is suitable for those people who would like to do external auditor. Therefore, this job may travel many place around the world due to the cooperation with various other public commercial organizations around the world. The obligation of CIAs is ensured and guarantee the financial company is reported and recorded in the proper way (Barizo, n.d.).
B. 1. Educational requirement o CIA candidates must hold a 3-4 years of bachelor degree or higher. The degree must be an accredited college or university. o However there are two options people who have experience in internal audit and relevant but do not
However, in Thailand has a registration and test of CIA two times a year only. o Test is January and July o Registration is 1-31 May for first test in January and 1-31 November for second test in July
6. Special requirement in Thailand (The Institute of Internal Auditors of Thailand, 2015). o Certification of CPIAT course o Verifiable document from the Thai accountant association that has been passed CPIAT course
D. The organization offers the credential in Thailand is the institute of internal auditors of Thailand.
G. Career of CIA accountant o Company: Hudson o Job type: Internal Audit Managers o Responsibility: you will paly role in leading and reviewing specific business areas and giving a suggestion of the risk controls in place (Hudson, 2015). o Company:
Arens, Alvin A., Elder, Randall J., and Beasley, Mark S. (2012). Auditing and Assurance Services:
Here are some important things about the Central Intelligence Agency specifically focusing on the skills required, its complicated history, and the aspects positive and negative. The CIA had good intentions upon starting to protect our nation and, at some point fell off the course. They have terrorized people while bringing great technological advances. Being in the CIA is no easy task it requires above average skills and is physically
What are the responsibilities of this individual/role? My responsibility in the organization are budgeting activities, staffing, contractual activities, state compliance activities, performance improvement, hiring and firing employees, staff training and development, and anything that has to do with clinical skills.
For example the working hours of a CIA agent are very long. This would mean I would not have much time for my family or for relaxation. Another reason Is that it has a possible death risk. By this I mean is that as a CIA agent I will be dealing with a lot of dangerous people and this could end up in injury or even death. And my final reason is that JJCJ is somewhat far away. It is in Manhattan New York, Now this might not sound so far but I would have to leave my home and state to attend that college. These are some reasons why it would be difficult to be a CIA agent.
Objectivity also needs to be evaluated to make sure the internal audit is reliable. The internal audit needs to be free of conflicting responsibilities as well
Both roles should ideally be independent of operations, but corporate compliance in reality owns the compliance operation policies and procedures. Internal audits have to be completely Independent. Internal audits also bring attention to the need for monitoring as a result of their auditing function. Corporate compliance ensures that monitoring and auditing occur. As far as follow-up goes, corporate compliance is responsible for such things, while internal audit is just responsible for reporting whether management responded appropriate to obtained information. Both roles are involved in compliance risk. Corporate compliance creates and implements a compliance plan to ensure that compliance risks are addressed. Internal Audit on the other hand, addresses compliance risks as part of risk based audits.
Clients want accountants with integrity. Thus, integrity is critical to the public trust. As a matter of fact, one of the general definitions of integrity provided by the AICPA Code is that it is a quality from which the public trust derives. Also, it is an element of character fundamental to professional recognition, and it requires members to be (among other things) honest and candid within the constraints of confidentiality (Duska, Duska & Ragatz, 2011).
DCAA’s organizational structure is hierarchical where each employee has one clear superior and the lead auditor’s role as no organizational authority (PMI, 2008, p. 29). In this organizational structure, the lead auditor role and authority is not evident and therefore is more of a coordinator or expediter (PMI, 2008).
...e financial reports and statements are correct. This auditing will be conducted by auditing department of the organization, even may be done by an independent auditor who is not part of the organization, and sometimes public officials are elected. In case of unmatched consequences the organization need to give explanation on the misrepresentation of wrong statements. Auditors purpose is then to ensure that the misrepresentations are corrected, then maintain accurate, reliable financial documents and statements.
As per ISA (NZ) 200-A17, this ethical requirement includes the auditors integrity, objectivity, professional competence and due care, confidentiality, & professional behaviour. Integrity is an ethical attitude which includes the auditor’s honesty, accuracy, and fair practice. Objectivity is a mental attitude while carrying out the audit wherein the auditor is fair and just with all his/her work. Professional competence is the knowledge and skill of the auditor, gained through education, training and experience, while due care is a degree of care of an auditor on certain situations wherein an he/she must act diligently. Confidentiality is the commitment of the auditor not to disclose any information regarding his/her client, unless required by law. Professional behaviour means the auditor must act in accordance to the law and set of standard as a manifestation of respect to the
Accountants are becoming a needed job in the business industry and play a very important role in the success of many businesses. This job usually requires at least a bachelor’s degree in accounting and sometimes even a CPA (Certified Public Accountant). There are many other things that are needed to be considered before choosing this career. The job environment, education, skills, and benefits are just some of the many things that need to be thought through before considering this career.
During my industrial training at Aljafree & Co, there are several significant problems that might be occur during the gathering information of audit evidence and the problems that incurred can cause the auditing works cannot to proceed very well. The problems that have to consider are:-
...pendence, whether pro forma or substantially, the quality of professional assurance service of professional accountants will be doubted by public and that will probably lead to serious results. The factors affecting independence of external auditors are multiple. Market competition among external auditors and the imperfection of laws regulated the external auditing industry are tow of most important factors. In order to maintain and guarantee the independence of external auditors and try to avoid the scandals like Arthur Andersen, some research on how to improve and maintain the independence of external auditors are necessary. It is possible for researchers to put emphasis on how to control the market competition among auditing organizations and enhance the ability of accounting regulators to supervise and manage the professional accounting industry in the future.
The normal title for the job that I chose is a “Chartered Accountant”. The job of a chartered accountant is to provide accounting and business advice to companies and individuals. Chartered accountant may also provide information to clients on tax planning, personal financial planning, corporate finance, and information technology (Job Description). The major skills required for a chartered accountant are communications skills, computer skills, and listening skills. A chartered accountant needs communication skills, as they need to talk with their clients, and need to be able to effectively tell the client the advice they are giving. A chartered accountant needs to have computer skills, as they are constantly making calculations using a computer and using different programs to display financial information properly to their clients. Finally, a chartered accountant needs to have good listening skills, as they must give proper and full attention to what the client is saying, without interrupting unnecessarily in between (Do You Have it in You to Become a Chartered Accountant?). Personal abilities to have that are beneficial are strong interpersonal skills. This is because chartered accountants always have to communicate and be social with their clients. They are constantly put in a position where they have to share their expertise with companies and clients. So strong interpersonal skills are important so that they can effectively communicate information with their clients. Also, knowledge of computer programs for auditing and financing is a good personal aptitude to have.
.... It is the directors’ responsibility to identify potential risks that the company is likely to face or risks already faced by the company. This is basically to prevent such risk to arise again that may negatively affect the company’s operation. By identifying the risks, it allows the company to prepare step by step solutions to prevent or overcome such risk beforehand. It also allows company to take control of risks before risks affect the company seriously.