A large computer manufacturing and sales firm has a management training program for its junior managers. A
Question:
A large computer manufacturing and sales firm has a management training program for its junior managers. A major part of this program includes an 18 -month tour of duty in the internal auditing department. Top management has stated that a tour of duty in internal auditing will do more than any other experience to give these young managers an organizational perspective. Because of a slowdown in the economy, the firm has decreased the size of its permanent audit staff, but has maintained the flow of management trainees through the department. The president of the company says that this practice will cut expenses and still provide an excellent training program for young executives.
Required:
What are some possible dangers of such a practice? Specify dangers to the overall organization, the auditing department, and individuals involved in the program (both auditors and trainees).
Step by Step Answer:
Internal Auditing: Principles And Techniques
ISBN: 9780894131677
1st Edition
Authors: Richard L. Ratliff, W. Wallace, Walter B. Mcfarland, J. Loeboecke