Surveys show internal audit function becoming more independent

03/25/2013 |

The internal audit is moving closer to the board of directors and away from the influence of the chief financial officer, two separate reports show. This indicates the growing independence of the audit function in a corporation. More than 75% of chief audit executives report to a corporation's full board or audit committee, according to an Institute of Internal Auditors survey. A PricewaterhouseCoopers internal-auditor survey identified a similar trend.

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