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Table of Contents

I. Introduction
II. The purpose of internal auditing
III. Profession guidance on independence and objectivity
IV. Consulting services: a challenge to audit independence?
V. Independence vs. Objectivity
VI. Conclusion
VII. Bibliography

I. Introduction
‘The internal auditor occupies a unique position he or she is employed by the management but is also expected to review the conduct of management which can create significant tension since the internal auditor's independence from management is necessary for the auditor to objectively assess the management's action, but the internal auditor's dependence on the management for employment is very clear.'
-------Institute of Internal Auditors (IIA)
Although recently the focus of internal auditing is on Sarbanes-Oxley compliance, the importance of maintaining the independence and objectivity of internal audit should never be underweighted. In fact, if the independence and objectivity of internal auditing is......

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Approximate Word Count: 2144
Approximate Pages: 9 (250 words per double-spaced page)

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