Organizations are restructuring, reinventing themselves to change their goals and their processes in order to respond appropriately to a changing environment. In this context of change and increasing competitiveness in all market segments, organizations seek productivity gains and improve their methods and management tools.
In this scenario, the audit function is increasingly intervening in the diagnosis of certain situations, including the company’s viability, efficiency and effectiveness of controls and processes, and preventing fraud and illegal acts. In this sense, the role of internal auditing has emerged as a highly developed function as a reflection of the needs and expectations of the organization as a whole to survive and thrive in the market.
The Institute of Internal Auditors defines internal audit as an activity that is independent, of objective assessment and consulting activity designed to add value and improve operations of an organization in achieving its objectives through a systematic, disciplined approach in evaluating processes effectiveness of risk management, control and governance. Continue reading ‘Internal Audit’ »