Internal Audit is at the heart of GRC and Principled Performance

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People in Internal Audit and Assurance roles are a critical component

The audit discipline provides a foundation to provide assurance and consulting to management, the board and other stakeholders that the organization is achieving objectives, addressing uncertainty and acting with integrity.

Goals of Internal Audit and Assurance

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Internal Audit and Assurance at the center of GRC

The role of Internal Audit in GRC is more than just assurance.

  • OFFER INSIGHT AND ADVICE
  • EVALUATE RISKS
  • ASSESS CONTROLS
  • ENSURE ACCURACY
  • IMPROVE OPERATIONS
  • PROMOTE ETHICS

Role of Others in Internal Audit and Assurance

Other GRC disciplines play a role in Internal Audit and Assurance.

It is essential that people who are not specifically charged with internal audit also understand what their colleagues who work in internal audit actually need.

This includes knowledge about:

  • Audit concepts and frameworks
  • Internal control concepts and frameworks

Internal Audit is at the heart of GRC and Principled Performance

Get a 100-page guide that spells out (almost) everything you need to know about internal audit and audit management

Get the Ultimate Guide to Internal Audit and Audit Management

Putting Principles into Practice is what we do

Behind the big ideas of Principled Performance and GRC, we have hundreds of resources, standards, and certifications to upgrade your skills.