Best Practices for Audit Committee Effectiveness
It is imperative that Internal Audit (IA) build an effective relationship with the Audit Committee (AC). BCLC’s journey to build a strong and corroborative relationship between IA and the AC was a multi-phased approach. During our presentation we will share our story and leave you with some in-house developed tools to help better communicate with the AC and provide them with full visibility into IA activities and how we are functioning. In summary, we will demonstrate the key steps for IA to get support from the AC, help them understand our role and ultimately be that trusted advisor for the AC.