One of the most effective controls top management and a Board of Directors have at their disposal is the Internal Audit Function. Able to provide objective and independent reporting on the status of controls within an organisation, a well tuned and effective IA Function would be relied upon by the Board, external auditors and even regulators for a realistic assessment of the status of an organisation’s control processes. What is important is that the function is independent, knowledgeable about the business and understands controls and above all they can implement an effective risk based approach when organising and planning their audits.TARGET AUDIENCEExternal auditors, directors, accountants, auditors, internal auditors, risk managers, C-level management especially those involved in risk and compliance, regulators.