www.theiia.org/iia/index.cfm?doc_id=4624.* The Institute of Internal Auditors' (IIA (1) (Information Industry Association, Washington, DC) In 1999, IIA merged with SPA (Software Publishers Association) to become the Software & Information Industry Association. See SIIA. ) Research Foundation issued a pair of reports on recent changes in audit committee practices (www.theiia.org/iia/index.cfm?doc_id=4624). One discusses developments at publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. and the other addresses those at nonpublic Adj. 1. nonpublic - not invested with or related to prominent position or status etc. private - confined to particular persons or groups or providing privacy; "a private place"; "private discussions"; "private lessons"; "a private club"; "a private secretary"; organizations. Subjects covered in both contexts include modifications in the frequency and length of time audit committees meet, the topics they cover, their membership and the way the internal audit function supports them. The reports also offer suggestions on how internal audit executives can best work with the committees. While the foundation provided the reports as a service to IIA members, it also has made them available to nonmembers in return for a voluntary tax-deductible Tax-deductible The effect of creating a tax deduction, such as charitable contributions and mortgage interest. contribution. |
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