Culture, Corporate Governance and the Internal Auditor

Special Report: Culture, Corporate Governance and the Internal Auditor

The global financial crisis has sparked significant changes in the philosophy, intensity and approach of regulation around the world. While the immediate priority was to stabilize and repair firms’ balance sheets the breadth of change has progressed to incorporate prudential and capital reforms as well as conduct of business, including a specific focus on the culture of firms and the effectiveness of corporate governance arrangements.

Allied to this greater focus on culture and corporate governance has been a reassessment of the internal audit function’s role in financial services firms and a growing acknowledgement of the need for a strong, well-resourced, independent internal audit function operating in close coordination with the other risk and compliance control functions.

Read the special report, Culture, Corporate Governance and the Internal Auditor to better understand internal audit’s perspective on the challenges the profession is facing and examine recent and pending regulations from around the globe and their impact on the internal audit profession.