|Insight: Delivering Value to Stakeholders offers helpful insights, actionable suggestions, and useful examples for internal audit leaders. We urge them to carefully read this report, understand the expectations and perceptions of key stakeholder constituents, self-assess how effective their internal audit organization is in meeting these expectations, and thoughtfully consider the relevance of the report’s suggestions to their team. |
Insight is commonly defined as: “The capacity to gain an accurate and deep intuitive understanding of a person or thing.” The Institute of Internal Auditors (IIA) considers insight an end product or result from internal audit’s assurance and consulting work, and it views insight as a critical component of the value proposition of internal auditing, which was developed in 2008.
This report shares result from a study conducted by The Institute of Internal Auditors Research Foundation (IIARF) to research how effectively internal audit is delivering on the goal of providing insight to its stakeholders.
This report also contains relevant information for boards of directors, CEOs, chief financial officers (CFOs), and other key stakeholders to gain an enhanced understanding of the potential of the internal audit profession to deliver insights, what hindrances exist, and the key role they themselves play in enabling insight delivery.
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