Not only is an internal audit important for ensuring information security and regulatory compliance, but it’s also a valuable way to evaluate company performance and manage risk. It is a helpful tool for businesses of all types. An internal audit assists an organization in defining areas where it could improve, while also providing information it needs to accomplish its goals.
For company boards and management, an audit is a great time to reflect and ask the following questions:
- Are we making progress towards our compliance goals?
- Is risk being managed effectively? Are policies and procedures being applied correctly?
- Could they be improved?
These are just some of the questions that you will can successfully answer after taking this course.