Internal auditors can help ensure their organizations address regulatory changes and risks.
Internal auditors are required to use their professional judgment when evaluating the effectiveness of an organization’s internal controls, corporate governance, and risk management practices. To do that efficiently, audit programs must be updated timely to ensure that departments are being held accountable not only to internal policies and procedures, but also to the outside regulatory world. Five key elements can help internal auditors ensure the completeness of the organization’s audit program around regulatory compliance.
