While Internal audit and compliance have different objectives, they can gain much from working more closely together
July 6, 2016
If it seems like the lines between internal audit and compliance are beginning to blur a little, it's because they are. Many companies are leveraging both functions to do more to assess risks and asking them to weigh in on all the things that could go wrong at a company from regulatory violations to strategic blunders. They are also calling on both functions to do a better job of communicating with each other and coordinating their activities.
In this podcast, Joseph McCafferty, head of audit content at MIS Training Institute, talks with Michael Volkov, CEO of law firm The Volkov Law Group and author of the Corruption, Crime, & Compliance blog, about the convergence of internal audit and compliance.