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Remember telecommuting? During the current economic crisis, many companies are taking a new look at letting employees work at home, using a PC to connect to company data. Although layoffs are becoming commonplace, companies must keep an eye on the future by retaining those employees who are keys to business success and hold organizational memory. Also, laying off too many employees will increase future training costs when the economy rebounds. Telecommuting (and the broader concept, teleworking) is one way to balance the need to cut costs while retaining talented people. But there is also a downside to this practice, and the authors take an honest look at both the pros and cons. © 2009 Wiley Periodicals, Inc.

In 2013, the NASDAQ Stock Market LLC (NASDAQ) establish and maintain an internal audit (IA) function. Comment letters received on the proposal were overwhelmingly negative. The top three reasons against the proposal were cost of implementation, time commitments required of organizational employees, and redundancy of IA to a firm's external audit process. This article delineates differences between internal and external audit responsibilities, identifies the benefits of internal auditing, highlights the role that internal auditors play in corporate governance and risk management, demonstrates how IA assurance and consulting activities add organizational value, and discusses cost‐effective options for implementing an IA function. © 2017 Wiley Periodicals, Inc.

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