Pros
The internal audit function is well established in the organization. The organization is attempting to become more diversified culturally. The primary focus of the internal audit function, outside of its IT audit function, appears to be more directed toward traditional financial controls.
Cons
The internal audit function may not actually audit areas that create or inherently have greater organizational risk. Solo thinking is still common among some of the higher risk areas of the organization. A new auditor to the organization will also note a lack of a formal talent management program to develop auditors. Accordingly, a new auditor to the organization should be prepared to develop and finance his or her own talent management program.