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Fostering Audit Relationships: Internal, External, & Audit Committees

Wednesday, May 13, 2015

This show discusses the joint report produced by the Center for Audit Quality and the Institute of Internal Auditors in March of 2015, Intersecting Roles: Fostering Effective Working Relationships Among External Audit, Internal Audit, and the Audit Committee. Fornelli discusses the key themes and findings of the report and stresses the importance of communication among all parties.

Fornelli also discusses what solutions or best practices have emerged and the guidance that board members can take away from the report. The show closes with an analysis of how audit committees can play a critical role in improving internal and external audit team communications and relationships.