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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Dear Wa'el, yes I do agree if, and only if, the IA answering a Q. or explaining his recommendations which not taken into consideration, I did this twice and it was accepted by the concerned shareholders
ReplyDeleteRegards Saeid
Great meeting you again. All the best, and congratulations on an interesting blog!
ReplyDeleteThanks Richard.
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