Internal audits’ role in corporate governance

Internal audits play a significant role within an organization’s governance systems. A key role is to assist the board in fulfilling it’s governance reSponsibility. The internal audit should be able to deliver:
An objective evaluaion of risks and internal control framework
A review of compliance framework and specific compliance issues
Systematic analysis of business processes and associated controls
Provide independent views on matters of governance, including conflicts, related party transactions, preferential treatment, non commercial deals, etc.
Be the supporting pillar to the audit committee and external auditors.


About surenraj

“Views expressed are my own”
This entry was posted in Governance and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s