Internal audit should be on directors' radar
Make risk your businessThe economic winter and its icy winds blowing through boardrooms should give directors the strongest incentive to review their risks and how they are managed. More than ever, boards need assurance they have identified the right risks, they have the right mitigation arrangements in place, and controls are well-designed and effective.
Internal auditors exist to provide boards with objective assurance about risk management and internal control. While they are not the only source of such assurance, they alone have the flexibility, the freedom and the remit to provide assurance which is timely, objective and independent.
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