Creating a leading practices internal audit function is more than policing compliance. It requires an optimum balance between positioning, people, and processes. A wide range of considerations must be aligned to create an internal audit function that can effectively make a noticeable impact and add value across the organization. A well-developed and aligned internal audit function can provide an important resource and opportunity for the organization to tighten their controls, reduce risks, identify potential efficiencies, drive cost benefits, and enterprise-wide exposure/training for future leaders.
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