The main output of an internal audit: a report. Internal audit reports are intended for top-level managers, independent board members, and committee members. Other interested parties may find information in the report’s appendices. Top-level managers, independent board members, and committee…
Cybersecurity risk remains a top priority, making it essential for supervisory boards, audit, and risk committees to engage with IT and cybersecurity leaders on governance, system resilience, regulatory compliance, and risk management. Key discussions should include compliance with the Cybersecurity Law…
Types of audits: financial statements audits, which can only be conducted by licensed external auditors listed by the Lithuanian Chamber of Auditors, and internal audits following Global Internal Audit Standards, which can be performed in-house or outsourced. Additionally, other assurance engagements…
