Our perspective on Internal Audit

  • There is no single formula that ensures an effective Internal Audit function.
  • Successful Internal Audit programs, however, share a common set of principles:
    • The mission of Internal Audit is clear, agreed upon and endorsed by the Audit Committee and business leadership;
    • Internal Audit’s role goes beyond validating compliance – the function is teamed with the business and other assurance functions to mitigate risk and improve business results;
    • Audits are focused on things that matter; and
    • Assessing and managing risk is a strategic imperative – not a one-time event, but an ongoing capability focused on emerging risk and changing business priorities

Is your Internal Audit function positioned to meet the needs of business and deliver value?

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Stakeholder Expectations

What do the stakeholders need and want from the IA function?

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IA Strategic Roadmap

Do we have the right positioning, people and processes to meet our stakeholders’ needs?

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Company Strategic Plan

Is the IA plan aligned to the company’s strategic objectives and initiatives?

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IA Mission & Charter

Is the IA mission and charter defined, validated and effectively marketed to the business?

What is the plan for aligning your IA program to meet your business needs?

An organization’s Internal Audit department must continue to evolve over time to remain aligned with shifts in strategy and changes to business imperatives.  A critical competency is IA’s ability to continually refine the way it performs – how it updates and continuously assesses risk, leverages other assurance areas and tests and monitors controls and business performance.

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