By Basil Woller, Basil Woller & Associates, LLC
Now, more than ever, leading organizations are recognizing the importance of maintaining an effective internal audit function. Given the extensive regulatory developments and increased liability in today’s business environment, audit committees and company management, among other stakeholders, have placed greater emphasis on the need for enhanced governance, transparency and sound internal controls within their organizations. A quality internal audit function is a critical component in achieving this goal.