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By Pierre-François Wéry, partner and Governance, Risk and Controls Leader, PwC Luxembourg and Fernando Iannacci, manager, PwC Luxembourg
The Institute of Internal Auditors launched a new Internal Audit framework to align Stakeholder expectation. Many organizations have reported great improvement of their internal audit functions in the past few years. But much remains to be done to keep pace with today's increasingly complex economic and technological environment and the regulatory challenges coming from national authorities, such as the CSSF in Luxembourg, and international authorities. The Institute of Internal Auditors (IIA) has been working on a new and recognised method that will provide more authority to practitioners and professionals in their activities.
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