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Seeking Value through Internal Audit

Seeking Value through Internal Audit

Samjong KPMG provides guidelines for potential risk response, D&A introduction and audit automation to help Internal Audit team better understand corporate staffs and improve efficiency.

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To help Internal Audit team better understand corporate staffs and improve efficiency, this report provides guidelines for 1) potential risk response, 2) D&A (Data & Analysis) introduction, and 3) audit automation. KPMG and Forbes published a report of a survey, which was conducted on over 400 CFOs and the president of Audit Committee regarding internal audit groups.

The study revealed that there was a value gap between corporate staffs and Internal Audit teams. Corporate staffs think that Internal Audit teams simply analyzes risks in a basic level. However, what they are actually expecting from Internal Audit teams is efficiency improvement. In particular, improvement through more active responses in monitoring, legal field and risk management.

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