For internal audit to be viewed as something more than an internal controls expert, it needs to strategically partner with the business. This requires approaches to work well beyond traditional internal auditing. First and foremost, it requires understanding and viewing the business strategically (not just tactically or operationally). It starts with thinking about the organization like the CEO, and includes a fundamental shift in how internal audit interacts with the executive leadership of the organization. This article explores what it means for internal audit to rise to the level of strategic partner and proposes steps that can be undertaken to get there.
Click here to download the latest issue of Global Perspectives and Insights: Elevating Internal Audit’s Strategic Impact for insights