Re: Is it good to outsource the internal audit?
Is it good to outsource the internal audit? if yes what is the best practice to do it
Welcome to the COVE Fawzy ~~~
Its Bad....
- The involvement of people within the organization is missed.
- Opportunity to understand company processes is missed.
- A learning opportunity is missed.
- It is not a specialized process that one cannot do internally.
- The same money can be used towards internal audit training many times
- You may be tempted to approach the same outsourced agency to recommend corrective actions, since he is paid. People involvement becomes less.
- Internal auditing is not a burden.