Internal audit and control functions have long been war-weary parts of Corporate America, bombarded by ever-more risks to monitor and disclosures to make. Two sessions at the Compliance Week 2012 conference explored how audit and compliance executives can rally for a counter-offensive.
All the changes of the last decade—the rise of new technologies, revisions to financial reporting rules, new standards in legal liability—have forced companies to take a close look at their audit functions and their control environments to see where updates and improvements are necessary.
