Getting The Balance Right - Delivering Fit For Purpose Internal Audit

Unprecedented levels of regulation and market expectation are driving Audit Committees to place increasing reliance on internal audit functions to deliver high quality assurance over current and emerging risks across financial, operational, IT, regulatory and strategic business processes.

The ripples of the Sarbanes-Oxley Act are being felt widely – and not just by those who need to comply with it – raising the expectations and demands of Investors, Audit Committees and other stakeholders around the level of assurance required over internal controls.

Directors are becoming increasingly concerned about their own personal liability in relation to control failures and unforeseen risks impacting results. This is leading to increasing demands for reliable business intelligence to be able to give early warning areas of potential risks and deal with them before they arise. The stakes are higher than ever with recent surveys in the UK and US indicating that Finance Directors are now subject