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The Role of Auditing in an Organization

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Abstract

When he became warden of the Mint, Sir Isaac Newton stepped away from tradition and began to question what he was taught. This is today the task of auditing. Newton also provides a good paradigm for another reason. Once he said to a famous crook: ‘I shall only tell you in general that I understand your way and therefore sue you.’ Auditors usually don’t sue the company but the regulators may.

Keywords

Central Bank Chief Executive Officer Audit Committee European Central Bank Internal Audit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Dimitris N. Chorafas 2001

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