White Papers October 01, 2013

Internal Audit GRC Series: Challenges and Solutions to Alignment

Internal Audit (IA) is one of many organizational groups whose mission is to assess risks, evaluate controls, raise issues and improve processes. Other oversight functions with similar charters include Enterprise Risk Management, Security and Compliance.

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Internal Audit (IA) is one of many organizational groups whose mission is to assess risks, evaluate controls, raise issues and improve processes. Other oversight functions with similar charters include Enterprise Risk Management, Security and Compliance. With some common objectives and not-so-common approaches, there is value in aligning methodologies, resources and results. However, since IA needs to maintain a certain level of independence, how does IA strike this balance? This white paper discusses the dilemma as well as practical ways alignment can occur while maintaining independence. 

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