New UK industry code aims to prevent Carillion-style crashes
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LONDON (Reuters) - Internal auditors should have direct access to top company bosses to help avoid Carillion-style corporate crashes, a new industry code said on Wednesday.The code from the Chartered Institute of Internal Auditors (CIIA) aims to restore credibility in internal auditors' ability to be the "eyes and ears" of boards to stamp out poor governance and misconduct.Companies hire internal auditors to check for compliance with regulations. They are different from external auditors or..