A PricewaterhouseCoopers survey indicates that a significant communication gap exists between executive management and the internal audit function at many companies. This disturbing revelation is a formula for failure during a period of rising expectations for internal audit. Given the strong link between effective communication and management’s perception of internal audit performance, it is imperative that an internal audit group communicate effectively with its internal stakeholders. On a regular basis, internal audit should seek opportunities for dialogue with management, creating a strong, clear connection between your internal audit mission and your company’s strategic issues and risks. .
