By Norman Marks; Jay R. Taylor
Norman Marks and Jay R. Taylor have been practitioners and thought leaders in the internal auditing profession for many years. In this article they review high-level issues such as standard-setting and leadership of the profession, where internal auditing should report, and each major aspect of internal auditing from planning and risk assessment to staffing and the use of technology. The authors discuss how internal auditing has improved and where opportunities for enhanced performance can be found in each area.