The UniCast Company: A Case Illustrating Internal Auditor Involvement in Consulting

The UniCast Company, a cable television service company, has experienced rapid growth through a combination of aggressive management and acquisitions (UniCast is a fictionalized version of an actual company). This case requires you to assume the role of a staff auditor in UniCast's internal audit department and complete a review of the company's lockbox arrangements. The case emphasizes internal audit's evolving role from a focus on traditional audit tasks (e.g., account balance evaluation and compliance testing) to also performing business consulting projects with the goal of adding value to the organization. You will consider cash management, internal audit's role, the similarities and differences between external and internal audit, and the potential impact of technology and the Internet on cash management. You also will be required to demonstrate report‐writing skills and research skills (e.g., library and Internet).