Internal audit: a balancing act?
For internal audit, the question is one of balance - is it focusing on the right things, or too bogged down in compliance to be effective?
High profile. The profile of internal audit has never been higher, due to its:
- Key role in restoring confidence in financial reporting
- Heavier compliance burden because of Sarbanes-Oxley and other regulations
- More active boards interested in financial and non-financial risks
