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.

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About surenraj

“Views expressed are my own”
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