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Wal-Mart's Michael Fung: Why Internal Auditors Make Good CFOs

To really know what drives value for a company and understand its business processes, Fung says, there may be no better training ground than internal audit.

David McCann, | US
May 20, 2008

Ringside view and understanding of the business

Internal Auditing affords an excellent understanding of the various facets of the business - operations, compliance and financial reporting. A good internal auditor will not only excel in what he is required to do but also keenly comprehend the value drivers of the business and contribute in enhancing those value drivers.

Posted by Chandrasekar Venkataraman | May 21, 2008 10:19 am

Internal audits

Sometimes Internal audits lose paper work and it takes a long time to find all the paperwork so I think outside audits are they only way to go

Posted by Ray Hanam | May 21, 2008 09:33 am

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