Creating a Value-Added Internal Audit Function: Balancing Obtaining a Seat at the Table with Corporate Politics

This book provides practitioners with strategies and tools for establishing and maintaining a successful, value-centric internal audit organization. It explores opportunities to gain management support through early wins; methods to systematically identify process improvement opportunities, cost savings and avoidance, and potential revenue recoveries; and tips on marketing and branding the audit organization for maximum impact. It introduces the Audit Value Factor, a concept to determine the estimated value of a given audit, as well as methods for calculating the return on recommendations made. It also outlines Six Sigma methods and techniques to ensure every engagement is value-added.