Future proofing internal audit

The future of internal audit is evolving as risk profiles of organizations are becoming more complex and difficult to manage. Internal audit has to respond to these challenges and deliver strategic insights, not just assurance.

Traditionally, internal audit functions focused on compliance and internal control systems. But to be a partner to the C-suite and board, internal audit must understand the organization’s key risks and proactively identify emerging risks.

To meet these demands, internal auditors have to start using new tools and technologies. AI, machine learning and robotic process automation can help to drive strategic decisions.