Organisations and businesses rightly face intense scrutiny of their corporate governance. They must be able to demonstrate that their corporate responsibility and their approach to risk management are robust and transparent. These responsibilities are made more onerous by the changing regulatory environment and the fast evolving nature of the risks they face. Management teams and boards cannot afford to be reactive or allow risks to go unmonitored and unmitigated.
Internal Audit has always been one of the cornerstones of good governance and should play an important role your organisation’s governance processes. Internal Audit looks beyond financial risks and statements to the wider issues that help your business navigate through the potential minefield of risks to which it is exposed.
Internal Audit is key to the management and mitigation of risk. It provides assurance over your most fundamental internal controls, by helping to detect and prevent fraud, and by monitoring compliance with organisational policy, corporate governance codes, regulation and legislation.