RRJ2

Reference: Salierno, D. (April, 2009). In times of adversity. Find article.com. Retrieved Sept 8, 2009, from: http://findarticles.com/p/articles/mi_m4153/is_2_66/ai_n31591274/?tag=content;col1


Summary:
In this article the author discusses how the fainancial crisis effected on the internal audit profession. First, the autheor gives an intraducation about the finance crises and how that can effect on banks and manfactures. After that , he talks about internal auditing and he Confirms that the internal auditing is not an excpation. Also, he gives us an example from survy that made by Neil Baker which suggests that the buddget in many audit shop will increase. This survy include important information contain many audit shops will increase. In the end he ask the other wirtier how are interested in this subject to write an artcle in this topic .

Reaction:
My major is accounting and I have little auditing experience, so I was very interested in reading about this article. First of all, I would like to thank the author for this article, because it is very important to all readers who care about auditing. So, I am very happy to read about this because it will help me in the future espically that comparsion between my carrer and what is happing in the financial wrld now. The author desscuses the effect of financial crisis on an auditing shops and I agree with the author because this is what is happing now in my country . a lot of auiditing shops can't get asmuch as thay could get in the past before this problem . I think that happened because the audit shop has a strong realtion with banks and as we know the banks are the hardest hit from this crisis.