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October 2008
Volume LXV:V

October 2008 Cover

Getting Up to Speed with IFRS
U.S. auditors can play an important role in their firms’ transition to international financial reporting.
By Neil Baker

10 Steps to Section 404 Efficiency
Several key points provide guidance for auditing the organization’s Sarbanes-Oxley program.
By Norman Marks

A Barometer for Stormy Times
Employers are shifting their focus from auditor retention to economic concerns, according to a 2008 IIA survey.
By Judith Harrington

Engineering Value into ERM
Six Sigma techniques can help organizations manage risks more successfully.
By Sridhar Ramamoorti, Marcia Weidenmier Watson, and Mark Zabel

The Multigenerational Workforce
Audit departments can leverage the varied talents of different age segments in today’s workplace, while avoiding the potential for interpersonal clashes.
By Paul McDonald

The Outsiders
Although staff and clients may be skeptical, chief audit executives from other disciplines are leading their departments on a new, more strategic mission.
By Russell A. Jackson

Waging War on Corruption
Vance Jochim, former chief auditor for the Iraq Commission on Public Integrity, wants more accountability and oversight regarding U.S. funds sent overseas.
By Steven Alvarez

DEPARTMENTS
Editor’s Note
Contributors
Letters

Update The SEC reaches out to investors, enterprise risk tops organizational concerns, and data volume hampers strategic discovery.
Back to Basics Despite some similarities, considerable differences separate the internal and external audit functions.
Tech Forum Reviews of wireless technology are often key to security audits.
Governance Perspectives People — the root cause of most risk and control failures.
Ask the Experts Audit leadership seeks approval to review the organization’s outsourced operations.
Fraud Findings A payroll manager exploits loopholes in the company’s accounting system, racking up US $75,000 in ill-gotten gains.
Remembrance Friends and colleagues reflect on Anne Graham’s contributions to Internal Auditor.

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