By Bob Hirth, Protiviti Managing Director
Contrary to popular belief (or perhaps practice), SOX is not the Holy Grail for internal audit (IA). Is it possible IA has become too focused on SOX? More specifically, is too much attention being paid to internal control over financial reporting, or reliability of financial reporting under the COSO model? In this publication, Protiviti’s Bob Hirth explores a number of questions to gain a perspective on what IA’s role should be when it comes to compliance.