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there is no way for an audit system to be effective.
Jan 14 00:43 am
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All Comments by Steven Hansen »Where are the Risk Auditors? [View article]
one undertaking i was involved with had insurance, government, corporate, and external auditors. we were judged clean - each were shown a different set of records.
finally, the external auditor who had his head screwed on straight said he was giving us a clean bill - but he said it was impossible that we could have passed this divergent group of auditors. he wanted to know the secret off of the record .... we just smiled.
my point is that it is impossible for an non-embedded auditor to discover the truth when you have a determined group which wants a particular outcome. it is unlikely that an embedded auditor who is part of the paper trail can be fooled (but he can become part of the conspiracy).