Auditing at the speed of risk with an agile, continuous audit plan
Risks and business conditions change all the time, so an annual plan or even one that is updated quarterly won’t lead to auditing what matters today. You audit what used to matter.
internal audit
The future of internal audit is assurance
Providing assurance involves assessing the current situation, looking forward and anticipating what might happen in the near future and longer term, determining whether that is acceptable, and if it is not helping decision-makers take appropriate actions.
How effective are your systems of governance, risk, and control/compliance (GRC)?
The majority of internal audit functions perform a variety of audits every year and provide an opinion (ideally) or at least a list of risk-ranked weaknesses (far less than ideally) on the scope of each audit.
