10Minutes on Maximizing Internal Audit discusses how Internal Audit's role can be enhanced to reduce risks and optimize costs. With the financial crisis, boards and CEOs are searching for ways to upgrade their risk management process. As such, they are evaluating whether Internal Audit can provide the appropriate oversight needed to address emerging risks and continue to focus on execution and growth strategies.
In this 10Minutes we suggest ways to overcome some of the organizational and structural challenges faced by the internal audit function, as it continues to focus on the core business drivers, opportunities for process improvement, cost savings, revenue enhancement and cash flow, and realize risk management and efficiency benefits in the process.