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Today, the connection and communication between internal audit, risk management and compliance functions is more important than ever.
Today, the connection and communication between internal audit, risk management and compliance functions is more important than ever.
Too often, internal audit plans fail to address the risk areas that may have the most impact on the organization’s objectives in the right way and at the right time. Failure to use information, metrics and assessments performed by risk and compliance often leaves internal audit in the dark about what really matters, or at least creates redundancy and waste of resources as audits are performed.
The more mature approach, being driven by leading internal audit teams, is to maintain ongoing communication and sharing of information through a common database that allows internal audit, risk and compliance to each view and use what they need when they need it. Internal audit assists in developing approaches to measurement and metrics that both aid the risk and compliance teams in their own operations and supports efficient and meaningful audits. And decisions about audit priorities align with strategic objectives and real risk assessments.
Join our expert panel for a discussion about building the risk based audit plan and learn how cutting edge approaches can help you to mature your own audit, compliance and risk capabilities.
Learning Objectives:
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Sponsored by RSA
Featured in: Internal Audit , Risk
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