Comment on this Article

Internal Auditors Changing Gears Though Sarbanes-Oxley boosted in-house auditors' status and anxiety over the act has waned, they can't get too comfortable. Amid a talent crunch, more is expected of them than ever.

Sarah Johnson, CFO.com | US
October 29, 2007

is SOx audit enough

Is it enough, that is, are we at our highest level of awareness to safeguard the integrity of our financial Statements. We have focused on governance, internal controls and risk managements and this article indicates the future will involve us with needs of our "higher ups". Should we as internal and external auditors step back and look at the methaphysical health of the entity. Example: An executive requires certain perks to enhance his productivity such as an appartment close to the factory. This appartment's cost could range form parsimonious to improvident. The two extremes are very determental to the enty. One smothers productivity and achievement while the other opens the enty to waste and fraud. Is the stock holder entitled to know that even though the transactional systems are in compliance, the company is not realizing its potential because of the motivational methaphysics?

Posted by Milton Bulloch | Oct 31, 2007 11:10 AM ET