Auditing

The Institute of Internal Auditors ( www.theiia.org ) issues for its members a summary of several regulatory organizations’ current and proposed corporate governance requirements aimed at improving the accuracy, completeness and transparency of financial statements. The regulations specify what boards of directors, audit committees and corporate managers must do to comply with provisions of the Sarbanes-Oxley Act, with the SEC’s forthcoming interpretation of them and with rules under development at the New York and American stock exchanges and the National Association of Securities Dealers.