Up to this point we have explored the first three characteristics – business alignment, internal audit stakeholder relationship management, and empowering leadership. And I wanted to personally thank you for sticking with me throughout this journey. In this final installment we explore characteristics #4 – accountable and efficient and its components that include audit techniques, accountability reporting, and what it means to have an innovative mindset.
- Audit techniques – Assurance plus
- Accountability
- Innovative mindset
Audit techniques – Assurance plus
High performance internal audit teams look to deliver value beyond traditional audit work. Internal audit should be the catalyst for management action that makes the business more secure and sustainable by having a constant focus on control improvement. To be successful requires deploying a range of internal audit ‘products’ such that the Internal Audit intervention is optimum for the risk and controls that we are looking to examine. These products typically should include:
- Change assurance – Ongoing audit work alongside business change programs. Auditors in the field alongside the change activity add value throughout the…
