Internal audits can be much more than just a necessary step toward external audits, acquisitions, or public offerings. In fact, with the right investment, an intentional approach to internal audits can yield strategic benefits such as useful insights, identifying competitive advantages, and protecting company assets. But even then, investing resources in internal audit can be a tough sell to the board’s audit committee.
Take a closer look at the key risks and opportunities that can help audit committees see the power and potential of internal audit, including internal controls, increased efficiency, fraud prevention, competitive advantage, strategic threats, and objective insight.
KraftCPAs Can Help.
Reach out to a member of our assurance services team at 615-242-7351, or send your information to have an advisor contact you.