The past year has been one of great turmoil, with the global financial markets on the brink of collapse and organizations struggling amid a worldwide recession, regardless of industry. Among the many effects of this crisis, management and boards of directors are looking more closely than ever at risk, finance, governance and operations to ensure that all proper controls are in place and functioning properly, that their IT systems and data are secure, and that they are leveraging working capital to the greatest extent possible. In this environment, internal auditors are playing a critically important role in monitoring organizationwide systems, processes and controls, as their companies.
