Despite a direct reporting line to the Board and or its Audit Committee, the perception of the value of internal audit department remains low. The executive management rarely appreciates the impact of the internal auditor to the business. The failure by IA to add real value to the organisation has reduced the value of the profession from the perspective of management. IA must offer pragmatic and proactive insights to management on strategy and risk management – the key challenges of any business. This is not so. The end result is general poor remuneration of Internal Auditors and lack of good…