Positioning for Future Success

Download

Transforming internal audit into a component of strategic risk management

The current economic downturn has highlighted just how important risk management is for business success. Unfortunately, many organizations are facing cost constraints and are not in a position to make additional investments in risk management. And yet there is an often overlooked solution: transforming your internal audit department from being focused on compliance and financial reporting into a component of strategic risk management.

The following publication discusses the risks of not transforming your internal audit department, how to make the transition happen, and the benefits of doing so.