
Audit management is responsible for ensuring that board-approved audit directives are implemented. Audit management oversees the internal/external audit staff, establishes audit programs, and hires and trains the appropriate audit personnel. The staff should have the necessary skills and expertise to identify inherent risks of the business and ass...
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http://en.wikipedia.org/wiki/Audit_management

Ensures that a company implements board-approved audit directives. Audits ensure that information is reliable & valid. They also assess a system's internal control.
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