Free eBook: Report on the Strategic Role of Internal Audit
A Benchmark for Executives and Internal Auditors
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"We
make understanding
the strategic direction and goals a priority in our risk assessment
process so that we can link our audit plan to the strategies and goals
of the company.”
-Internal
Auditor Response
"Internal Audit is at the table for senior management discussions, for input on operational challenges and control risks, for the implementation of new systems and replacement of outdated processes, and for risk management.” -Executive
Response
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ABOUT THE REPORT
Vonya Global surveyed a cross-section of Executives and Internal Auditors from both public and private organizations in a variety of industries to evaluate their opinions regarding the strategic role of internal audit.
Many questions in the survey referred to either “Strategic Role” or “Strategic Risk.” For the purposes of this study we have defined the term “Strategic Risk” as risks that pose a threat to a company meeting it's strategic objectives. “Strategic Role” was defined as the role internal audit plays in assessing “Strategic Risk.” The survey asked questions to determine first whether it is internal audit’s role to evaluate strategic risks and secondarily if internal audit is equipped to do so effectively.
Vonya Global surveyed a cross-section of Executives and Internal Auditors from both public and private organizations in a variety of industries to evaluate their opinions regarding the strategic role of internal audit.
Many questions in the survey referred to either “Strategic Role” or “Strategic Risk.” For the purposes of this study we have defined the term “Strategic Risk” as risks that pose a threat to a company meeting it's strategic objectives. “Strategic Role” was defined as the role internal audit plays in assessing “Strategic Risk.” The survey asked questions to determine first whether it is internal audit’s role to evaluate strategic risks and secondarily if internal audit is equipped to do so effectively.
