Why is the risk-based internal audit so important?
A risk-based internal audit is a relatively new management tool that top managers of an organization or firm use to assess potential threats, new opportunities, and weaknesses. Its value is increasingly critical for any company’s effective internal control, risk management, and corporate governance. Why should you consider a risk-based internal audit for your business? Here is a list of reasons: What Are the Benefits of Risk-Based Internal Audit? The benefits include the following: It helps achieve your business objectives. With the help of risk-based auditing, you can drive efficient usage of resources and time to accomplish business objectives. It improves … Continue reading