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Audit vs. Compliance: How to Draw Clear Boundaries and Avoid Risky Overlap in Your Organization
Navigating the frameworks of corporate accountability involves engaging with two distinct but often interlinked functions: Internal Audit and Compliance. While they share certain characteristics and often intersect in execution, their mandates, responsibilities, and methodologies differ significantly. Internal Audit is primarily concerned with evaluating and improving organizational processes through independent, objective assurance. Guided by professional standards,…