How should Internal Auditors work with The Board of Directors?

If the Board does not see Internal Audits as crucial for the business, then either the Board is missing a trick, or Internal Audits aren’t doing their job.

This short article aims to help Board members understand how to get the most value from Internal Auditors, and equally, help Internal Auditors ensure they provide maximum value to the Board.

To understand the interaction between Internal Auditors and the Board of Directors, we must be clear about:

  • The Board’s roles, tasks, and approach
  • The value that Internal Audits should provide to the business

Board of Directors roles

Overall, two types of director are necessary for a balanced board: Executive directors, and Non-Executive Directors.

Executive Directors should have detailed knowledge of their company, and drive the company toward success. In contrast, Non-Executive Directors bring knowledge of the external environment in which the company operates, and a measure of prudence and control.

Board of Directors tasks

The core function of the Board is to review, decide and steer a company’s purpose, vision, mission, and values. From this, the Board must set the company strategy and structure to best achieve the company’s mission. This means identifying what to delegate to employees, and what to do themselves. The Board must be mindful at all times of the company’s responsibilities to stakeholders, which normally includes employees, customers, shareholders, and suppliers.

Board of Directors balanced approach

Perhaps the biggest challenge for the Board is to drive the business forward while keeping tight control of, and being answerable to, the company’s activities.

Directors should consider internal forces that include short- and long-term commercial ambition and employee demands, and external forces including the legal and competitive landscape, and public sentiment.

Internal Audit’s role

Internal Audit techniques focus on managing risks, improving productivity, and instilling confidence in the business. They should be the foundation of good corporate governance, not only to minimise risks such as fraud and sub-standard quality, but also to increase productivity, and to benefit all stakeholders.

Internal Audit process

The process is relatively straightforward but very granular and objective, which normally benefits from Internal Audit software. It involves:

  • Firstly, understanding how responsibility, work, and data flows in the business, and identifying risks of errors, mismanagement, or fraud. Auditors should be able to see how internal control mechanisms support compliance to the company’s mission.
  • Next the Auditors prepare a report to summarise their findings and present this to the Audit Committee which normally has at least one board member.
  • Lastly, the Audit Committee decides and implements improvements to the business.

What should Internal Audit deliver to the board?

Internal Audit, through the Audit Committee, should proactively guide the Board how to improve the business and manage risks. In other words, provide the Board with strategically valuable and actionable information.

This means not only revealing potential issues and threats, but digging into the root causes of these issues, providing a clear way to address these issues, and proposing internal controls to prevent the issues from affecting the business.


Internal Audits are crucial for the well-being and success of a business. They recommend ways for the company to improve output and quality, reduce risks, comply with regulations, be a good corporate citizen and innovate. However, the Board must understand, trust, and apply Internal Audit findings to improve the business.

If you found this article helpful, you might be interested in how Internal Audit Management platforms and Internal Audit tools can help your Internal Audit process here.


The AdaptiveGRC platform offers a variety of modules to help manage GRC activities for your company.

In order to meet your company's specific needs, our team of experienced developers can tailor the required functionalities to deliver exactly what your company needs. If your company requires a customized module to effectively meet its needs, we can help.

Let us fit the best solution for your company. Fill out the form below.

Streamline Your GRC Activities with AdaptiveGRC
Get Results Faster.

  • Fill out the form.
  • Our consultant will work with you to determine what your company needs.
  • We will schedule a product demo to show you the required features.
  • We will gain your feedback and tailor a tool to your needs.
Fill in the form

    The Controller of your personal data is C&F S.A. with its headquarters in Warsaw, Poland. Your data will be processed in accordance with C&F S.A. Privacy Policy


    Read Gartner reviews to find out what users think about our solutions

    One of the best GRC software with very good price

    Adaptive GRC offers a great deal of flexibility in supporting GRC&AUDIT processes. The product is continuously developed and the customer receives new possibilities and functionalities. In addition, the price is very attractive in comparison to competitive products. The support team takes a flexible approach to the customer's needs.

    Sebastian B. CEO | Computer & Network Security

    Comprehensive platform for managing risk and compliance

    I used AdaptiveGRC Compliance and Risk Management modules for more than a year. Implementation went smooth, and the support team was always very helpful. I especially value the functionality AdaptiveGRC offers - all GRC processes can be managed in one tool, and there is a single database. The tool helped my organization lower operating costs and gain a better understanding of risks in the organization.

    Marcin K. Chief Information Security Officer | Financial Services

    Perfect program for compliance control

    It is amazing that thanks to AdaptiveGRC individual assessment management can be shortened from days to minutes. The tool can generate reports for different stakeholders containing only their desired assessment outcome data. I appreciate much the possibility of generating compliance specification lists for supplier contracts or internal departments.

    Jasween K. Compliance Pharmaceuticals

    AdaptiveGRC supports insurance companies in their risk and compliance management processes

    I used AdaptiveGRC to 1. support insurance companies' compliance management processes following a complex industry-specific regulation. 2. I also used AdaptiveGRC to support the process of managing and monitoring data processors as GDPR came into effect. I experienced a significant increase in efficiency in both cases.

    Verified Reviewer Insurance | Self-employed

    What's in a name...

    As the name is representative, AdaptiveGRC is a complete, interconnected GRC solution that can be adapted to organizations across industries and size. The AGRC team did a superb job designing and building a best-in-class GRC solution that addresses the challenges faced in today's uncertain and ever-changing global business climate. Working with the AGRC team has been a pleasure and the support they have provided is exceptional.

    D Scott C. Business Development | Biotechnology

    Financial institutions could benefit greatly from AdaptiveGRC

    I am happy to be able to use AdaptiveGRC in my work. This dedicated solution is very helpful for anyone that has to fill out the SREP questionnaire. The extra time I gained was priceless. The platform's design was also very appealing to me. The fact that it was so simple to use was a major plus for me. Due to its comparison capabilities with past years' forms, I was able to cut down on the amount of time it took to complete the new questionnaire. What is more, I was able to monitor the progress of the people assigned to the process.

    Anna C. Head of Fin Crimes Team | Banking

    Great support for inurance company

    My overall experience has been great. I also liked the layout of the platform. The time and control I gained is invaluable. I like the fact that it was very easy to use. It definitely allowed me to shorten the time I had to spend on filling out the SREP questionnaire. I also could easily control the status of work of my team members, check their progress, and monitor on daily basis.

    Verified Reviewer Insurance

    AdaptiveGRC - Big Player in GRC

    Easy to install and easy to configure. Out of the box solution. Cloud based or Server. AdaptiveGRC is an enterprise governance, risk management and compliance (eGRC) solution set with unique and unequalled capabilities. AdaptiveGRC can be deployed as one fully interconnected solution suite, or you can choose one or more modules.

    Leigh M. National Accounts | Consumer Goods