What makes an Internal Audit function worth a company’s while? It’s that matter of value. An effective Internal Audit function can not only magnify what the company already knows, but present new findings, offer new perspectives, and provide new ways of gleaning such insights.
KPMG and Forbes recently surveyed more than 400 Chief Financial Officers and Audit Committee chairs on a host of issues regarding the performance, focus, value, and future of Internal Audit functions at their organizations. The findings call attention to a ‘value gap’ between what Audit Committee Chairs and CFOs identify as priorities and what they are receiving from their Internal Audit functions.
Check out the insights in Seeking value through Internal Audit