Document Type
Article
Publication Date
2-1-2017
Publication Source
Internal Auditor
Abstract
Organizational governance is a broad concept that ensures superior strategy formulation, development, and execution in ways that balance performance, conformance, and accountability. It includes systems, controls, and associated processes that promote ethics and values, performance and accountability, and risk communication and coordination among the board, external and internal auditors, and management in meeting and exceeding stakeholder expectations. Internal audit’s role in organizational governance has always been recognized and valued, but it has become increasingly important in the wake of governance failures in financial and public sectors throughout the world. As a result, more and more boards as well as executive management are turning to internal audit for assurance on governance effectiveness, culture, and strategy implementation.
Inclusive pages
57-61
ISBN/ISSN
0020-5745
Copyright
Copyright © 2017, Institute of Internal Auditors
Publisher
Institute of Internal Auditors
Volume
74
Issue
1
eCommons Citation
Ramamoorti, Sridhar; Siegfried, Alan N.; and White, P. Alan, "Auditing Organizational Governance: Internal Audit Has An Integral Role to Play in Improving the Organization's Strategic Performance" (2017). Accounting Faculty Publications. 95.
https://ecommons.udayton.edu/acc_fac_pub/95
Included in
Accounting Commons, Business Administration, Management, and Operations Commons, Business Law, Public Responsibility, and Ethics Commons, Corporate Finance Commons, Nonprofit Administration and Management Commons
Comments
The document available for download is the published version, provided in compliance with the publisher's copyright policy. Permission documentation is on file.