The best relationships are partnerships, and the CAE must be equally open and clear with the audit committee about ways to enhance or improve its support of internal audit activities. Building the right relationship between the audit committee and internal audit can make a significant difference in internal audit’s ability to provide the best assurance and advisory services.

The paper identifies five key takeaways that begin with a clear understanding of reporting and alignment responsibilities, including what should be expected and demanded, as well as five key questions the governing body should be asking.

Relationships of Trust — Building Better Connections Between the Audit Committee and Internal Audit