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How internal auditors can be more effective

A recent NUS-ISCA study highlights three areas which need to be addressed: the use of risk-based audits; the judicious use of outsourcing; and ensuring internal auditor independence.

INCREASINGLY, audit committees (ACs) are facing heavier responsibilities as they manage conflicting expectations from shareholders, regulators, and a myriad of stakeholders.

In this demanding context, the AC cannot perform optimally without the support of an effective internal audit