September 10, 2007

Partnering for Business Excellence: Internal Audit Services at RBC

Nancy Hala, KnowledgeLeader contributing writer

Royal Bank of Canada and its subsidiaries operate under the master brand name, RBC Financial Group (RBC). RBC is Canada’s largest bank and one of North America’s leading diversified financial services companies. Francine Blackburn has been the bank’s executive vice president and chief internal auditor for seven years. Laura Simeoni, who has been a professional development consultant for approximately 20 years, has been director of professional audit standards at the bank for two years. In this profile Blackburn and Simeoni discuss the internal audit group’s mission and purpose, corporate governance compliance, performance measurement, and their continuous auditing approach.