Internal auditors should remain vigilant in identifying risks as the organization changes or new products are delivered to the marketplace. The U.S. Public Company Accounting Oversight Board While we are discussing the importance of effective internal controls, let me point out that the Public Company Accounting Oversight Board (PCAOB) has recently approved Auditing Standard No.
It is an irony that we have driven conventional banking, Western style, so far beyond its carrying capacity that we now have to delve back, for new solutions to the question of sustainability, into that quite different tradition of banking derived from the principles of the Shariah.