Saturday, April 13, 2013
Tuesday, April 9, 2013
Did he impair his independence ?
Last week, the Director of Internal Audit at Cyprus Central Bank addressed the financial crises in his country to the media and discussed what the Central Bank intends to do with the bank deposits .His statement implied that he was involved in the discussions / decision making of the proposed arrangements. While we do not know the extent of his involvement ,if any ,the fact the he has addressed an operational issue to the public is unusual and may suggest an impairment of Independence .
What do you think ? Is it appropriate for internal auditors to address operational and management issues to the public ?
What do you think ? Is it appropriate for internal auditors to address operational and management issues to the public ?
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