Internal vs. External Audits: Best Practice Guidance
Donald Rumsfeld once said, “You don’t know what you don’t know” – a quote that holds true when it comes to decision-making for internal versus external audits. The underlying meaning of this quote can be applied when it comes to managing your Compliance Program risks. When you are deciding to outsource your audits or not, one of the primary considerations for performing internal audits is probably cost. You already have staff who are on payroll;…
