Principles and Practices of the New Internal Audit Model
Boards of directors, audit committees, executive management, and internal and external stakeholders rely on internal audit departments to provide financial statement assurance, evaluate internal controls, assess operational effectiveness, and gauge compliance with laws, regulations, and company policies and procedures. To meet these expectations, departments need to analyze their structures, maturity, and expectations. Then they can begin to follow the principles and practices of the new internal audit model.