'There is a wide range of ways internal auditors can act to add value to their organisation' Discuss the statement above. 1. Providing services related to enterprise risk management 2. Developing new innovative, efficient, effective and economic audit methods and approaches that bring value to the results of the audit 3. Increasing internal audit focus on the risks or issues that have the most significance to the organisation's goals that maximise the chance to achieve its goals 4. Working closely with management to identify and provide audit activities that will result in great value to them 5. Identifying what audit customers want, and then meeting or exceeding their expectations 6. Becoming a catalyst for change 7. Making audit more collaborative 8. Using self-assessments to encourage buy-in 9. Concentrating on business risks 10. Aiming to improve operation and increase profit 11. Tackling problem areas such as healthcare costs 12. Sharing technology with business units 13. Aligning with audit customers 14. Issuing audit advisories company-wide 15. Conducting proactive and preventative auditing 16. Reducing external auditor cost 17. Placing auditors in special assignments 18. Getting audit report out in a timely manner 19. Going back to the basis
'There is a wide range of ways internal auditors can act to add value to their organisation' Discuss the statement above. 1. Providing services related to enterprise risk management 2. Developing new innovative, efficient, effective and economic audit methods and approaches that bring value to the results of the audit 3. Increasing internal audit focus on the risks or issues that have the most significance to the organisation's goals that maximise the chance to achieve its goals 4. Working closely with management to identify and provide audit activities that will result in great value to them 5. Identifying what audit customers want, and then meeting or exceeding their expectations 6. Becoming a catalyst for change 7. Making audit more collaborative 8. Using self-assessments to encourage buy-in 9. Concentrating on business risks 10. Aiming to improve operation and increase profit 11. Tackling problem areas such as healthcare costs 12. Sharing technology with business units 13. Aligning with audit customers 14. Issuing audit advisories company-wide 15. Conducting proactive and preventative auditing 16. Reducing external auditor cost 17. Placing auditors in special assignments 18. Getting audit report out in a timely manner 19. Going back to the basis
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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dear tutor, I've given my own points for the question above. Please help me explain more in details each and every points with examples as well. Please dont write back what you found from google pls.
Transcribed Image Text:"There is a wide range of ways internal auditors can act to add value to their organisation'
Discuss the statement above.
1. Providing services related to enterprise risk management
2. Developing new innovative, efficient, effective and economic audit methods and approaches that
bring value to the results of the audit
3. Increasing internal audit focus on the risks or issues that have the most significance to the
organisation's goals that maximise the chance to achieve its goals
4. Working closely with management to identify and provide audit activities that will result in great
value to them
5. Identifying what audit customers want, and then meeting or exceeding their expectations
6. Becoming a catalyst for change
7. Making audit more collaborative
8. Using self-assessments to encourage buy-in
9. Concentrating on business risks
10. Aiming to improve operation and increase profit
11. Tackling problem areas such as healthcare costs
12. Sharing technology with business units
13. Aligning with audit customers
14. Issuing audit advisories company-wide
15. Conducting proactive and preventative auditing
16. Reducing external auditor cost
17. Placing auditors in special assignments
18. Getting audit report out in a timely manner
19. Going back to the basis
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