What do the stakeholders need and want from the IA function?
Do we have the right positioning, people and processes to meet our stakeholders’ needs?
Is the IA plan aligned to the company’s strategic objectives and initiatives?
Is the IA mission and charter defined, validated and effectively marketed to the business?
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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