“Internal audit is the one function within the company that provides independent assurance to business owners, stakeholders, and investors on the reliability and stability of the business. This responsibility must include the strategic initiatives a company develops.”
CHICAGO (PRWEB)
August 30, 2022
The Chicago-based consulting firm, Vonya Global, released a white paper titled “The Strategic Role of Internal Audit.” The firm, which specializes in internal audit, Sarbanes-Oxley compliance, and corporate governance, released the white paper to highlight internal audit’s strategic role and to share thoughts on whether internal audit is equipped to assess the effectiveness of risk management on strategic initiatives.
Internal audit is one mechanism management can use as a system of checks and balances on the business operations. Per Steven Randall, Vonya Global Managing Partner, “Internal audit is responsible for monitoring the effectiveness of the internal control processes that have been…
