In this special five-podcasts series, Matt Kelly and I are exploring the future of internal audit (IA), compliance and analytics. In Part II, we go through the three steps of evolution that an IA function must traverse so that it can move beyond its traditional audit duties under Sarbanes-Oxley (SOX) compliance and testing of financial controls. These three steps of evolution are: (1) Strengthening internal controls for financial reporting and SOX compliance; (2) Enhanced analytics; and (3) Risk optimization for other business See more +
In this special five-podcasts series, Matt Kelly and I are exploring the future of internal audit (IA), compliance and analytics. In Part II, we go through the three steps of evolution that an IA function must traverse so that it can move beyond its traditional audit duties under Sarbanes-Oxley (SOX) compliance and testing of financial controls. These three steps of evolution are: (1) Strengthening internal controls for financial reporting and SOX compliance; (2) Enhanced analytics; and (3) Risk optimization for other business functions. Kelly believes that companies must go through these three steps of evolution and in this prescribed order. See less -
