INTERNAL AUDIT should be a key principle of the Corporate Governance Code, according to the Chartered Institute of Internal Auditors.
Chief executive Dr Ian Peters said: "It is in there, but it's squirreled away in the detail at the bottom - it should be given greater prominence."
Internal audit provides the board with assurances that a company's risks are being managed. It is a forward-looking function, according to Peters, rather than the rear-view-mirror snapshot of external audit.
See full Article.
Posts
