The need for Internal Audit has never been greater. We live in an increasingly complex and technologically advancing world where organisational progress and reputation are easily upset by shifts in value systems. The intent of personal and organisational progress while noble, has sometimes challenged established governance structures and value systems. Recent stories of worldwide corporate failures, including in Kenya and the financial crisis like the financial melt-down of 2007, tell the painful results of improper balance between appetite for progress and value systems.
Conscience of organisation
The agency conflict risk between managers and owners (or citizens) continues to manifest itself through organisational failures, causing unwarranted pain to all…
