Companies are taking steps to prepare for a reputational crisis by employing an internal audit function, but less than half the board members polled in a new survey feel they are “well-versed” in the issues.
The survey, by the accounting firm EisnerAmper, found that 78 percent of the public company directors they polled said their firms employ personnel in an active internal audit function, and 71 percent said internal audit has been helpful or very helpful in identifying risk.
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