To maximize the value and effectiveness of an corporation's internal audit department, senior control, the board, audit committees, personnel, and shareholders ought to understand the company's targets, dangers, hazard control priorities, regulatory surroundings, and the various desires of middle stakeholders such as senior management, the board, audit committees, team of workers, and shareholders. Finally, those needs define the enterprise's danger profile in addition to the strategic orientation, employees, and techniques anticipated by its inner audit department.
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