Combining Internal Audit and Second Line of Defence Functions?
New white paper from IIA–Netherlands
Last week, IIA–Netherlands published a white paper on the pros and cons of combining internal audit and second line of defence functions. The white paper addresses the key question asked by many boards and committees: Can internal audit work independently and objectively if support is provided on risk management, compliance, and internal controls? A task force organized by IIA–Netherlands conducted research and hosted roundtable sessions which resulted in an overview of existing global standards and good practices, taking into consideration the different stakeholder perspectives. Access the full report here.