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Inside Internal Controls

News and discussion on implementing risk management

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quality assurance review

How effective is your internal audit function? Is it world-class?

When I became a CAE, I started by benchmarking against firms that had a great reputation, either for their business practices or internal audit departments. That is still a good idea and I recommend it.


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How to assess internal audit effectiveness and value

How should this be done? Some would say that the IIA’s quality assurance standards, which require both ongoing and periodic quality reviews, are the answer. I am not one of those people.


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