All you internal auditors out there, take note: PricewaterhouseCoopers has published a paper clarifying what you ought to do with your life.
Titled “Internal Audit: An opportunity for transformation,” the paper suggests internal audit departments should shift their focus to auditing business risks to protect shareholder value. For too long, the authors say, companies have relied on financial models or credit ratings to gauge risks, and now those methods have turned out to be bogus. Companies should return to old-fashioned due diligence—and thus, enter the internal auditor.
