Optimising financial processes

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Something to Consider 4: August 2018

Something to Consider August 2018 – 5 Myths About Internal Audit 

Dispelling Top Five Myths About Internal Audit 

The modern internal audit profession has been around for less than 100 years. Yet it is amazing how many myths and less than flattering stereotypes have evolved about the profession during that time. But there’s a lot more to Internal Audit than nit picking and bean counting.

Like many jobs, the role has changed significantly in the last 20 years, with huge technological advancement, updated compliance laws and ever changing business needs, audits role in the organisation has developed beyond checklists, to adding value and acting as a trusted advisor for business management.

Our article this week comes from Richard Chambers, CEO and President of the Institute of Internal Audit, were he discusses the top 5 myths surrounding what it means to work in internal audit, and does a great job to dispel them. An enjoyable read with some punchy facts behind it.

Have a read here​​

Our ‘Something To Consider’ snippets are framed as small, digestible, ‘dashes of insight’ around the pillars of what we define as “World Class Finance” – Process Optimization, Financial Control and Compliance, and Risk Assurance, all underpinned by technology enablement and integration.