What is the relationship between internal audit and compliance? This is the subject of a new report from the IIA entitled „GLOBAL PERSPECTIVES AND INSIGHTS: Internal audit and compliance: Clarity and collaboration for stronger governance“.
To explain the relationship between internal audit and compliance, the report uses the three-line model and is a tool for boards, management, compliance professionals and chief audit executives. For example, the three-line model shows how board responsibility, management action, and internal audit review make up effective governance.
Although managing compliance risk is generally the responsibility of management, it can only succeed through a joint effort. Would you like to learn more?
You can read the report here. The report is available in English, German, French, Portuguese and Turkish.