Reporting on Internal Controls
Document Type
Article
Publication Date
5-2001
Abstract
This article provides insight into the current discussion of management reports on internal controls (MRIC), examining and discussion the opinions of internal auditors and executives with respect to internal controls, voluntary MRICs, and mandatory MRICs. If the groups' views are too diverse, internal auditors' efforts to issue meaningful and effective reports on internal control can be significantly compromised. To better understand reporting needs, questionnaires were sent to internal auditors and executives that captured their views on internal control, mandatory MRICs, and voluntary MRICs. The results are discussed.
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