Audit Committee Value
Tax & AccountingFinanceComplianceJune 19, 2018

Strengthen audit committee value: A 10-step approach

How can internal audit functions provide more value to their audit committee stakeholders? To find answers to this question, TeamMate’s 2014 Internal Audit Technology Survey focused on audit committee materials and reporting. Survey results pointed to the benefits of automated reporting, of providing trending data as opposed to periodic results alone, and of conducting combined reporting activities with other risk-and-control functions. Our findings also suggested ways to expand the scope of risk information provided to audit committees, demonstrated how to report on internal audit quality and performance, and described how the use of color and graphics can help audit committees prioritize their activities.

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