Elevating internal audit on the boardroom agenda

By:

UNWALA, HUZEIFA

Material type:

Mixed materialsPublication details: 2013Description: 65-68Subject(s):

AUDITING

NLM classification:

657.45

In: CHARTERED ACCOUNTANTMSummary: Generally, it is perceived that internal auditors do not add value to business as internal audit is a tick in the box exercise. This expectation gap can be bridged through annual strategic risk assurance exercise conducted by the internal auditors. Assessing or not assessing these strategic risks brings itas own costs in the form of missed business opportunities and a high cost of failure.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		62/4	Available		P15071

Generally, it is perceived that internal auditors do not add value to business as internal audit is a tick in the box exercise. This expectation gap can be bridged through annual strategic risk assurance exercise conducted by the internal auditors. Assessing or not assessing these strategic risks brings itas own costs in the form of missed business opportunities and a high cost of failure.

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