Plichta Quoted on Internal Audit

Foley Partner Mark Plichta was quoted in an article titled “Internal Auditors Face New Challenges in 2010” in the January 20, 2010 issue of Compliance Week. Plichta discusses the utilization of internal audit departments by corporations trying to find their way out of the economic crisis, remarking that he does not see clients assigning new duties or roles to internal audit. He adds that the root of the recent financial crisis lies in complex financial instruments that are beyond the expertise of the typical internal auditor.