5 ways to leverage internal audits
Abstract: Traditionally, the role of an internal audit (IA) function has been to test financial and compliance controls and then report its findings to the appropriate oversight. But in recent years that role has evolved. An IA, with its cross-functional perspective, is in an ideal position to help companies anticipate and mitigate a variety of risks, improve business financial and operational processes, and evaluate strategies. This article lists five ways businesses can enhance the value of their IA function.