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Responsibilities for In-House Auditor?

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Question: 
What are the responsibilities for an In-House Auditor? Our auditor considers daily activity of the employees as an auditor responsibility.
Answer: 

The responsibilities of an in-house auditor should be defined in the internal charter for the audit department which should be determine by the Audit Committee of the Board of Directors.

First published on BankersOnline.com 4/25/11

First published on 04/25/2011

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