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A Best Practice Internal Audit function should be:
- Risk focused - looking at all areas of risk.
- Aligned with the business, supporting company objectives.
- A valued part of the management team.
- A source of advice and leadership on all areas of risk management.
- Adaptable to the changing structures and priorities of the business.
- Able to provide specialist auditors to suit specific assignments: e.g. Treasury, E-commerce, IT infrastructure.
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