PJ Neal

Thoughts from a more-than-occasional writer

The Evolution of Internal Audit [Tapestry Networks and Ernst & Young]

Charged with substantial compliance responsibility in recent years, most internal audit departments have deviated from their traditional role as the audit committee’s “eyes and ears.” However, internal audit is now beginning another transformation, evolving toward a more value-added role providing guidance to the audit committee and assistance to the business units. Consequently, the audit committee must reconsider issues of internal audit scope, resources and leadership. The audit committee must work with senior leadership to demonstrate appropriate tone at the top and support this critical corporate function.

Read the full paper, published by Tapestry Networks and Ernst & Young.