The role of internal audit in fighting corruption in government and private sector
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GUEST – Julius Mojapelo the CEO of The Institute of Internal Auditors South Africa
Internal auditing remains pivotal to governance. Internal audit is well placed to complete the assurance reality check. It not only assesses the quality of assurance provided but examines the relevance to the management or governance committee. Internal audit could be the key to preventing corruption and fraud in private and public organisations.
It has traditionally been seen as a monitoring function for businesses and tolerated as a required element of organisational management but considered an obligation to the accomplishment of significant corporate objectives. Its role is to essentially offer value to an organisation.
There are still many challenges faced particularly in the leadership space in our country where more is needed to advocate good governance practices. Professionals in the governance, accounting and auditing sectors have a key role in promoting good governance principles, which lead to improving the productivity of organisations as well as increasing the adoption rate of governance principles throughout South Africa’s economic structures.
Internal auditing remains pivotal to governance. Internal audit is well placed to complete the assurance reality check. It not only assesses the quality of assurance provided but examines the relevance to the management or governance committee. Internal audit could be the key to preventing corruption and fraud in private and public organisations.
It has traditionally been seen as a monitoring function for businesses and tolerated as a required element of organisational management but considered an obligation to the accomplishment of significant corporate objectives. Its role is to essentially offer value to an organisation.
There are still many challenges faced particularly in the leadership space in our country where more is needed to advocate good governance practices. Professionals in the governance, accounting and auditing sectors have a key role in promoting good governance principles, which lead to improving the productivity of organisations as well as increasing the adoption rate of governance principles throughout South Africa’s economic structures.
