New Strategies and Best Practices in Internal Audit
- Topics:
- Audits
- Tags:
- Audit,
- Best Practice,
- Finance,
- Financial Accounting,
- Risk,
- Strategy
- Source:
- KPMG International
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Overview: This document makes the business case for this new internal audit model—a model that embodies the vision and encompasses the skills enabling it to operate at a strategic, risk-focused level in a 21st century organisation. To implement the new model, corporate leaders must first understand how their organisations can benefit from such a strategic approach to internal audit as well as determine the strengths and weaknesses of their existing internal audit function. They must then sponsor an effort to identify and understand their specific strategic business risks, define the levels of those risks that they are willing to accept, and develop an internal audit function that encompasses the skills needed to effectively identify, monitor, measure, and manage those risks.
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Format: PDF | Size: 509KB | Date: Jan 2000 | Pages: 27
