The “competitive impact” of the free market economy from the beginning of the 2000s put forward the value of internal audit, and there was a significant increase in companies’ need for “value added” audit after the 2001 crisis. On the other hand, the companies need to be more productive and effective, regulatory compliance concerns and operational risks impact on profit speeded up the process of having a better understanding of the value of internal audit in today’s business world. Read more →