Twelve Hundred Internal Auditors…

…all in the same room this past Monday at the Institute of Internal Auditors Chicago Chapter Conference. I spoke on stock options backdating from an internal auditor’s perspective. The presentation is here:

More about the conference and what was said later.

One comment I may make, to respond to a recent commenter on my post on Auditing Standard 5: It looks like layoffs at the Big 4 are coming, as soon as the December 31 year-end work is done, on both the audit and the new consulting practices side, including their internal audit practices. Sarbanes-Oxley work is moving inside as companies try to reduce the costs whatever way they can.