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In the age of increasing government regulation and ever-present corporate scandals, boards, Audit Committees, and management seek greater assurance that critical organizational risks are being addressed efficiently and effectively. Many Audit Committees and members of management want to better understand the various roles in governance and risk assurance across the lines of defense-business operations, compliance, and internal audit. As a result, compliance and internal audit are being forced to make collaboration a reality and make it visible to the organization.
Presented at the Creating value and trust: Navigating risk and meeting customer expectations, PwC's Internal Audit Ethics and Compliance Retail and Consumer Roundtable for internal audit and ethics and compliance executives, April 2014.
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