Opportunities of Pension Plan Audits_1
July 6, 2011 12:51 pm BusinessThe risk management provided by the internal auditor can stem to past, present & future. This individual can help diagnose past issues & help management with steps to safe-proof any repeat events. Current situations can be resolved in a timely manner before pointed out during a larger external audit. Finally, internal auditors can assist management with predictions and estimates for the future, to insure effectiveness & legality of all steps to be taken. Although appearing vague at first glance, the roles of Pension Plan Audits are quite different. Internal auditors are actual employees of the company for which they perform their duties.