The role of the audit committee is expanding, and more is expected from the internal audit function than ever before. And this comes at a time when most audit professionals already feel stretched thin. In order to meet the growing requirements and achieve maximum effectiveness, there are a couple of surefire solutions internal audit can implement.
Internal audit departments have undergone significant change in recent years, a trend that's likely to continue for some time to come. In fact, IA ought to be embracing new technologies, as other departments have, to achieve greater efficiency and effectiveness. IA's failure to properly leverage technology only stunts its growth.
Governance, risk management and compliance (GRC) efforts are often spread across an organization. Each department takes a different approach with its own systems, technologies and tools to engage in risk management activities.
Big Data is a hot topic right now – how does it relate to GRC and the practical issues of risk management and compliance? Maurice Gilbert interviews John Verver.
GRC assessment and execution is a critical mandate for international businesses – even in a tough economy.
John Verver, Vice President of Services and Product Strategy for ACL Services, discusses the important of effective data analytics, and how it can provide a path to an integrated approach between audit and GRC.