With the right investment, an internal audit can do much more than just prepare your organization for an external audit, acquisition or public offering. An intentional approach can yield strategic benefits by providing useful insights, identifying competitive advantages and protecting your company’s assets.
But investing resources in internal audit can be a tough sell to your board’s audit committee. They need to know exactly how this investment will pay off in terms of reducing risk and increasing opportunities.
These key risks and opportunities can help your audit committee see the power and potential of internal audit.