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Building the Audit Function

Online Exclusives Neil Hodge Mar 14, 2019

A strategic, measured approach to setting up shop can produce lasting results and strong relationships.

​Building an internal audit function from the ground up may seem like a daunting task, but taking a measured approach and prioritizing what should be done first can ease some of the difficulties. Handling these initial steps with care also helps build trust in organizations that may have no experience with internal audit or may be suspicious of its motives. By selecting key areas of focus and seeking to make "quick wins," chief audit executives (CAEs) can soon win over management and the rest of the business, and establish a solid foundation for the audit function.

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Neil Hodge

Freelance journalist based in Nottingham, U.K.