Building a Winning Team: The Importance of Team Composition in Compliance Audits
Introduction In today’s fast-paced business environment, Compliance Audits have become an essential tool for organizations to ensure they are operating within the bounds of regulatory requirements and industry standards. However, a successful Compliance Audit is not just about having the right procedures in place, but also about having the right team composition. According to a study by the Institute of Internal Auditors, 71% of organizations believe that effective team composition is crucial for a successful Compliance Audit. ...