Content written by Ryan Craig and published by Inside Higher Education
MBA News Digest Comment: Sound familiar? Do You Know How to Avoid Rankings Data Integrity Issues?
Extracted Content: To maintain and enhance trust, institutions and companies rely on auditors to confirm to the public that what they say is true. External auditors play an essential role in verifying financial statements. Lesser known but equally important are internal auditors, which serve institutions by evaluating internal controls to ensure financial information is correct, and that all parts of the organization are complying with policies and procedures, as well as all laws and regulations. To ensure independence, internal audit generally reports directly to the audit committee of the board. If internal audit is unable to validate controls over any of hundreds of processes across dozens of areas of material risk to the institution, the board is alerted.