Chief Audit Executive Essay

The Chief Audit Executive can bridge the gap and provide enhanced value to stakeholders is by developing the audit universe, which is generated through consultation with senior management and other stakeholders. Therefore, the Chief Audit Executive can begin to bridge the gap and include the stakeholders in the process of what needs to be audited by incorporating issues identified through an enterprise-wide risk assessment or enterprise risk management program. For this reason, ERM allows the internal auditor to facilitate discussions with stakeholders to identify what represents the most significant risks to shareholder value by identifying risk assessment process areas. In addition the internal auditor can focus on vital risks that are of …show more content…
Thus, if there is no accountability when it comes to internal controls then the controls management is relying on to safeguard their information will not be reliable and will run the risk this information could be stolen from a hacker/employees. In conclusion, the performance measure security will bring value to internal auditing by assessing weak points within the organization’s internal controls and being able to reduce the risk of a security breach occurring and exposing confidential information to hackers. Therefore, the performance measure efficiency is important to internal auditing by providing value in the form of reducing costs and increasing benefits by having effective internal controls within the organization and reducing risks as the internal controls will be running efficiently. Finally, the last performance measure is accountability which will bring value to internal auditing by assuring management that the controls they are relying upon are in fact working properly and can be relied upon when making decisions as the internal controls are working