Chief audit executives are increasingly using strategies to drive up efficiency in the internal audit process, including a “one-to-many approach.”
A new survey by Grant Thornton of chief audit executives found that 54 percent of the respondents indicated they have found ways to implement a one-to-many approach, an increase from 49 percent last year. Under a one-to-many approach, auditors test only once but manage to comply multiple times with various regulatory standards and other mandates, since the same or nearly the same questions are often asked of the same people.
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