Visuals January 01, 2014

Maturing Audit Plans and Processes

Historically, the relationship between audit, risk and compliance capabilities has been shallow – if it existed at all. Less mature audit approaches have addressed regulatory compliance but have failed to use risk management and performance metrics information to scope and efciently perform audits that are targeted to the entity’s real issues. Today, technology enables a more mature approach to audit, using compliance and risk capabilities to improve and dene audit plans and processes that bring true strategic advantage.