As the business process workflows of the operational system are established within a digitized environment, it makes sense to incorporate audit methodology associated with regulatory compliance, risk management, and business requirements. This would verify that important requirements are routinely met and, if not, better enable the self-identification of any failure to meet requirements (nonconformance) in a timely manner. The Three Lines of Defense (3LOD) methodology from COSO can be incorporated as a framework to supercharge your oversight capability. In the 3LOD model, audits are the 3rd line of defense.
As the business process workflows of the operational system are established within a digitized environment, it makes sense to incorporate audit methodology associated with regulatory compliance, risk management, and business requirements. This would verify that important requirements are routinely met and, if not, better enable the self-identification of any failure to meet requirements (nonconformance) in a timely manner. The Three Lines of Defense (3LOD) methodology from COSO can be incorporated as a framework to supercharge your oversight capability. In the 3LOD model, audits are the 3rd line of defense.