Organizations look to internal audit for business improvement

"Difficult economic conditions and heightened shareholder expectations have put pressure on executive management and audit committees to improve risk management and deliver greater value," says Neil Aaron, Global Leader for Internal Audit at Ernst & Young. "As a result, internal audit's role is clearly evolving and becoming more consultative. Regulatory compliance continues to be important, but management now expects performance improvement recommendations and insights into emerging risks, in addition to coverage of a much broader range of risks."

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