Opinion - Changing Role of Auditors

"The auditors are coming" – the long standing negative view that auditors only existed to make managers’ life a misery is at last changing.

Internal and external auditors have a positive new emerging role as advisors and assurance providers to the organisation, while operating in a global environment.

The focus is now on the area of quality-assurance, continuous auditing and performance measurement.

The days of compliance ‘box ticking’ exercises are over, business managers are starting to demand accurate and timely metrics to help them better manage risks and this gain commercial advantage and financial benefit.

Key Benefits:

• Measure and Improve the effectiveness and quality of your internal audit department
• Implement continuous monitoring strategies to narrow the gap between audit and operations
• Communicate effectively with business units, audit committees and management boards
• Incorporate a group assurance plan
• Improve internal audit‘s involvement in addressing fraud risk