Click on the following link for the article: auditandrisk.org.uk

Internal audit can offer considerable assistance to executive officers, the board and board committees such as audit and risk; however, that assistance is significantly dependent on the structure, charter, agenda and qualifications of the internal audit function, how executive officers and the board use the internal audit function, the manner in which internal audit reports to and communicates with executive officers and the board, and regulatory requirements relating to the internal audit function and how those regulatory requirements are enforced.  I do agree with the article that this is a time of tremendous opportunity for internal audit, but only time will tell.  Whether or not that opportunity is achieved significantly depends on efforts by internal audit professional organizations to get the word out.

Dave Tate, Esq. (San Francisco / California)