White Paper - Reducing and better managing red tape

Whitepaper

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Author

Bruce Turner AM
CRMA, CGAP, CISA, CFE, PFIIA, FFin, FFA, FIPA, FIML, MAICD, JP

Date

2022

Topics Explored

Governance, Control

Format

White Paper

Extract/Description

Internal auditors can help management improve the organisation’s operations by challenging unnecessary red tape imposed by the business, or by better managing red tape imposed by regulators and other external parties.

Key Points

1. Internal auditors can consciously consider business process improvement opportunities, including the elimination of red tape.
2. Internal auditors should apply an open mind and embrace fact-based analyses when they are informed of established internal controls.