Ignore advice at your own peril, auditors warn firms

Speaking at a breakfast seminar of the 7th Annual Institute of Internal Auditors conference, which is held under the theme, ‘Creating value for stakeholders’, Mushango said their profession is faced with a challenge where most of their recommendations are not taken into consideration.

“If our recommendations are not taken seriously, it can result in the downfall of the company especially when critical recommendations that can add value are not considered. Recommendations are made to be discussed and agreed on with the relevant stakeholders and what happens next is beyond us,” she said.