The continuously evolving need for internal audit to move beyond simply focusing on financial statements is being experienced around the globe, as evidenced by the new South African case study released by the Internal Audit Foundation. It highlights the role internal audit can and should play in integrated reporting so that financial, nonfinancial, and sustainability considerations are adequately assessed.
The case study discusses the expectations of stakeholders regarding internal audit’s role in integrated reporting, as well as what they view as current gaps. It also points to key skills and attributes that internal auditors need to possess to effectively fulfill their roles. Finally, it discusses how the three lines of defense come into play and the importance of internal audit’s dual focus on the integrated report and the integrated reporting process as a whole.
Download Your free copy: The Role of Internal Audit in Integrated Reporting – A South African Case Study