Report Provides Keys to Easing Audit Stakeholder Tensions
Stronger communications and cooperation among three key players in the financial statement auditing process could help avoid potential tensions and pay dividends in improved risk management, according to a report produced by The Institute of Internal Auditors (IIA) Audit Executive Center and the Center for Audit Quality.
Intersecting Roles: Fostering Effective Working Relationships Among External Audit, Internal Audit, and the Audit Committee highlights examples of strong communications and cooperation from organizations across the country, with a focus on building a clearer understanding of what external auditors require to be able to use the work of internal audit.
Read the news release.
Read the report.